Post Utme Ui 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Ui Accounting examination.

Post Utme Ui 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UI • 2018 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦120,000 and has a useful life of 5 years, using the straight-line method. If the machine is sold for ₦30,000 after 3 years, what is the amount of loss on disposal?

Answer Options

Correct Answer A. ₦24,000
B. ₦30,000
C. ₦36,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Ui 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Ui Accounting examination.

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