Post Utme Elizade University 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company purchases a machine for ₦150,000. The machine has a useful life of 5 years and a residual value of ₦10,000. Calculate the annual depreciation using the reducing balance method.

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦28,000
D. ₦32,000
Correct Answer
C
Correct Option:
₦28,000

About This Question

This is Post Utme Elizade University 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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