Post Utme Lead City University 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦500,000 and has a useful life of 5 years, using the straight-line method. The machine is currently in its third year of use.

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Lead City University 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Lead City University Accounting examination.

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