Post Utme Crawford University 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 31 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchased a machine for ₦1,500,000. The machine has a useful life of 5 years and a residual value of ₦150,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦270,000
B. ₦300,000
Correct Answer C. ₦250,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Crawford University 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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