Post Utme Lautech 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Lautech Accounting examination.

Post Utme Lautech 2022 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2022 • ACCOUNTING • objective

Determine the amount of depreciation on a machine that cost ₦250,000 and has a useful life of 5 years, using the straight-line method. The machine is currently in its 3rd year of use.

Answer Options

Correct Answer A. ₦12,500
B. ₦25,000
C. ₦37,500
D. ₦50,000
Correct Answer
A
Correct Option:
₦12,500

About This Question

This is Post Utme Lautech 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Lautech Accounting examination.

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