Post Utme Lasu 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_LASU • 2017 • ACCOUNTING • objective

Determine the amount of depreciation for the year ended 31st December 2019, for a machine purchased on 1st January 2015 at ₦120,000, with a useful life of 5 years and a residual value of ₦20,000.

Answer Options

A. ₦15,000
B. ₦20,000
Correct Answer C. ₦25,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦25,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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