Post Utme Mountain Top University 2019 Accounting Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 6 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦250,000 and has a useful life of 5 years, using the straight-line method. The machine is currently in its third year of operation.

Answer Options

A. ₦50,000
Correct Answer B. ₦62,500
C. ₦75,000
D. ₦87,500
Correct Answer
B
Correct Option:
₦62,500

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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