Post Utme Crawford University 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchased a machine for ₦500,000 and sold it after 5 years for ₦750,000. The annual depreciation is 10% of the book value. Calculate the total depreciation and the profit made on the sale of the machine.

Answer Options

A. ₦125,000
B. ₦150,000
Correct Answer C. ₦175,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦175,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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