Post Utme Achievers University 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchases a machine for ₦100,000. The machine is expected to last for 5 years and has a residual value of ₦20,000. What is the annual depreciation of the machine?

Answer Options

A. ₦16,000
B. ₦18,000
Correct Answer C. ₦20,000
D. ₦22,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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