Post Utme Mountain Top University 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice

Question 36 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

Determine the amount of depreciation for a machine with an initial value of ₦250,000, a residual value of ₦50,000, and a useful life of 5 years, assuming a straight-line method of depreciation.

Answer Options

A. ₦30,000

Correct Answer B. ₦40,000

C. ₦50,000

D. ₦60,000

Correct Answer

Correct Option:

₦40,000

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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