Post Utme Elizade University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice

Question 23 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

Correct Option:

₦100,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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