Post Utme Ui 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UI • 2019 • ACCOUNTING • objective

Determine the amount of depreciation for the year ended December 31, 2022, for a machine purchased on January 1, 2020, at ₦1,500,000, with a useful life of 5 years and a residual value of ₦150,000.

Answer Options

A. ₦300,000
Correct Answer B. ₦250,000
C. ₦200,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Ui 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Ui 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