Post Utme Futa 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Futa Accounting examination.

Post Utme Futa 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_FUTA • 2023 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦250,000 and has a useful life of 5 years, with a residual value of ₦50,000. The machine is depreciated using the straight-line method.

Answer Options

Correct Answer A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Futa 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Futa Accounting examination.

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