Post Utme Redeemers University 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

Determine the amount of depreciation on a machine that cost ₦250,000 and has a useful life of 5 years, with a residual value of ₦50,000. The machine is depreciated using the straight-line method.

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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