Post Utme Christopher University 2023 Accounting Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice
Question 16 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

Determine the amount of depreciation on a machine that cost ₦250,000 and has a useful life of 5 years, using the straight-line method. The machine is expected to be sold for ₦50,000 at the end of its useful life.

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Christopher University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

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