Post Utme Unilag 2017 Accounting Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Unilag Accounting examination.

Post Utme Unilag 2017 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UNILAG • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the straight-line method over a period of 5 years. The annual depreciation is ₦100,000. What is the accumulated depreciation at the end of the 3rd year?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Unilag 2017 Accounting Question 27. It is one of the objective questions from the 2017 Post Utme Unilag Accounting examination.

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