Post Utme Crawford University 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦200,000 and depreciates it using the straight-line method over a useful life of 5 years. Calculate the annual depreciation.

Answer Options

Correct Answer A. ₦40,000
B. ₦30,000
C. ₦20,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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