Post Utme Lead City University 2022 Accounting Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 31 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's depreciation schedule shows the following balances: | Asset | Depreciation | Accumulated Depreciation | | --- | --- | --- | | Machinery | | 5,000 | | Furniture | | 3,000 | | Vehicles | | 2,000 | What is the correct balance of the accumulated depreciation account?

Answer Options

A. ₦10,000
B. ₦8,000
Correct Answer C. ₦5,000
D. ₦3,000
Correct Answer
C
Correct Option:
₦5,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 31. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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