Post Utme Veritas University 2017 Accounting Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it by 10% per annum. If the machine is depreciated for 5 years, calculate the total depreciation.

Answer Options

Correct Answer A. ₦150,000
B. ₦120,000
C. ₦180,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 8. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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