Post Utme Lasu 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company's assets are valued as follows: Land: ₦1,500,000; Buildings: ₦2,500,000; Machinery: ₦1,000,000. The company uses the straight-line method of depreciation. Calculate the annual depreciation for the year.

Answer Options

A. ₦375,000
B. ₦400,000
Correct Answer C. ₦425,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦425,000

About This Question

This is Post Utme Lasu 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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