Post Utme Crawford University 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchased a machine for ₦1,000,000. The machine has a useful life of 5 years and a residual value of ₦100,000. Calculate the annual depreciation using the reducing balance method.

Answer Options

A. ₦180,000
B. ₦200,000
Correct Answer C. ₦220,000
D. ₦240,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Crawford University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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