Post Utme Oau 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_OAU • 2023 • ACCOUNTING • objective

Determine the amount of depreciation for a machine with a cost of ₦120,000, a useful life of 5 years, and a residual value of ₦20,000, using the straight-line method.

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Oau 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

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