Post Utme Ui 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company purchases a machine for ₦1,500,000 and depreciates it by 10% per annum. If the company uses the straight-line method of depreciation, calculate the amount of depreciation for the first year.

Answer Options

Correct Answer A. ₦150,000
B. ₦120,000
C. ₦100,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Ui 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

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