Post Utme Skyline University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's cost is ₦120,000 and its useful life is 5 years, what is the accumulated depreciation after 3 years?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Skyline University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Skyline University Accounting examination.

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