Post Utme Elizade University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the reducing balance method. Calculate the depreciation for the first year if the rate of depreciation is 20%.

Answer Options

Correct Answer A. ₦100,000
B. ₦80,000
C. ₦60,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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