Post Utme Covenant University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦200,000 and depreciates it using the straight-line method over a period of 5 years. If the annual depreciation is ₦20,000, what is the accumulated depreciation at the end of 3 years?

Answer Options

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

About This Question

This is Post Utme Covenant University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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