Post Utme Elizade University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset cost ₦500,000 and has a useful life of 5 years. If the asset is sold for ₦150,000 after 3 years, what is the accumulated depreciation at the time of sale?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Elizade University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Elizade University Accounting examination.

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