Post Utme Lautech 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice

Question 1 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

Determine the amount of depreciation on a machine that cost ₦120,000 and has a useful life of 5 years, using the straight-line method.

Answer Options

Correct Answer A. ₦12,000

B. ₦24,000

C. ₦36,000

D. ₦48,000

Correct Answer

Correct Option:

₦12,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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