Post Utme Caleb University 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has a machine that cost ₦100,000 and has a useful life of 5 years. The machine is depreciated using the straight-line method. What is the annual depreciation expense for the machine?

Answer Options

Correct Answer A. ₦20,000
B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Caleb University 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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