Post Utme Skyline University 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice
Question 1 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦1,500,000 and depreciates it using the straight-line method over a period of 5 years. If the annual depreciation is ₦150,000, what is the accumulated depreciation at the end of the 3rd year?

Answer Options

A. ₦300,000
Correct Answer B. ₦450,000
C. ₦600,000
D. ₦900,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Skyline University 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support