Post Utme Coal City University 2023 Accounting Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 16 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company purchases a machine for ₦2,000,000 and depreciates it by 15% per annum using the straight-line method. Calculate the depreciation for the first year.

Answer Options

Correct Answer A. ₦300,000
B. ₦270,000
C. ₦240,000
D. ₦210,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Coal City University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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