Post Utme Bowen University 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. It purchases a machine for ₦120,000 and expects it to last for 5 years. Calculate the annual depreciation charge.

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦16,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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