Post Utme Lead City University 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦150,000 and its useful life is 5 years. If the machine is sold after 3 years, what is the amount of depreciation that should be recorded in the 3rd year?

Answer Options

A. ₦30,000
B. ₦45,000
Correct Answer C. ₦60,000
D. ₦75,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Lead City University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.

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