Post Utme Osustech 2024 Accounting Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice

Question 1 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

Determine the amount of depreciation expense for the year ended December 31, 2023, for a machine purchased on January 1, 2022, for ₦500,000, with a useful life of 5 years and a residual value of ₦50,000.

Answer Options

A. ₦80,000

Correct Answer B. ₦90,000

C. ₦100,000

D. ₦110,000

Correct Answer

Correct Option:

₦90,000

About This Question

This is Post Utme Osustech 2024 Accounting Question 1. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

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