Post Utme Noun 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦120,000 and has a useful life of 5 years, using the straight-line method. The machine is 2 years old.

Answer Options

A. ₦24,000
Correct Answer B. ₦48,000
C. ₦60,000
D. ₦72,000
Correct Answer
B
Correct Option:
₦48,000

About This Question

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

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