Post Utme Summit University 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Summit University Accounting examination.

Post Utme Summit University 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and sells it after 2 years for ₦300,000. Calculate the loss on sale of the machine.

Answer Options

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

About This Question

This is Post Utme Summit University 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.

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