Post Utme Skyline University 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦250,000 and has a useful life of 5 years, using the straight-line method. The machine is currently in its 3rd year of use.

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Skyline University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Skyline University Accounting examination.

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