Post Utme Crawford University 2020 Accounting Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2020 Accounting Objective / Multiple Choice
Question 22 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦120,000 and its useful life is 5 years. If the machine is sold for ₦30,000 after 3 years, what is the accumulated depreciation at the end of 3 years?

Answer Options

A. ₦60,000
Correct Answer B. ₦72,000
C. ₦80,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦72,000

About This Question

This is Post Utme Crawford University 2020 Accounting Question 22. It is one of the objective questions from the 2020 Post Utme Crawford University Accounting examination.

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