Post Utme Elizade University 2024 Accounting Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchases a machine for ₦150,000. The machine has a useful life of 5 years and a residual value of ₦20,000. Calculate the annual depreciation using the straight-line 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 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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