Post Utme Bowen University 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the double-declining balance method of depreciation. The cost of a machine is ₦200,000 and its useful life is 5 years. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦40,000
B. ₦30,000
C. ₦25,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Bowen University 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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