Post Utme Bsu 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company purchased a machine for ₦150,000. The machine has a useful life of 5 years and a residual value of ₦20,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦26,000
B. ₦28,000
C. ₦30,000
D. ₦32,000
Correct Answer
A
Correct Option:
₦26,000

About This Question

This is Post Utme Bsu 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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