Post Utme Futo 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 1 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

Determine the amount of depreciation for the year ended December 31, 2022, for a machine purchased on January 1, 2020, at ₦1,500,000, with a useful life of 5 years and a residual value of ₦150,000.

Answer Options

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

About This Question

This is Post Utme Futo 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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