Post Utme Unilag 2018 Accounting Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

Determine the amount of depreciation for a machine with a cost of ₦120,000, a useful life of 5 years, and a residual value of ₦20,000. The machine is depreciated using the straight-line method.

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Unilag 2018 Accounting Question 26. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.

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