Post Utme Coal City University 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company purchases a machine for ₦1,500,000 and depreciates it by 10% per annum using the straight-line method. Calculate the depreciation for the first year.

Answer Options

Correct Answer A. ₦150,000
B. ₦135,000
C. ₦120,000
D. ₦105,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Coal City University 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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