Post Utme Uniosun 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

A company uses the single entry system of accounting. The following transactions were recorded in the year: Depreciation on a machine: ₦10,000 Depreciation on a building: ₦20,000 Purchase of a new machine: ₦50,000 Sale of an old machine: ₦30,000 What is the total depreciation for the year?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Uniosun 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Uniosun Accounting examination.

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