Post Utme Lautech 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice

Question 26 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

Determine the amount of depreciation for a machine with a cost of ₦120,000, a useful life of 5 years, and a residual value of ₦20,000, using the straight-line method.

Answer Options

Correct Answer A. ₦18,000

B. ₦20,000

C. ₦22,000

D. ₦24,000

Correct Answer

Correct Option:

₦18,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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