Post Utme Mountain Top University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦150,000 and has a useful life of 5 years, with a residual value of ₦30,000. The machine is depreciated using the straight-line method.

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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