Post Utme Futo 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦120,000 and has a residual value of ₦20,000, using the straight-line method over a period of 5 years.

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Futo 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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