Post Utme Abu 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company purchased a machine for ₦120,000. Depreciation is calculated using the straight-line method. If the machine is expected to last for 5 years, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦22,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Abu 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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