Post Utme Lead City University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2023 Accounting Objective / Multiple Choice

Question 8 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company purchases a machine for ₦1,000,000 and depreciates it by 10% per annum. If the machine is used for 5 years, what is the total depreciation?

Answer Options

A. ₦250,000

B. ₦300,000

Correct Answer C. ₦350,000

D. ₦400,000

Correct Answer

Correct Option:

₦350,000

About This Question

This is Post Utme Lead City University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.

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