Post Utme Unilorin 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the straight-line method over a useful life of 5 years. If the company uses the machine for 3 years, what is the accumulated depreciation?

Answer Options

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

About This Question

This is Post Utme Unilorin 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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