Post Utme Esut 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company purchases a machine for ₦200,000. The machine has a useful life of 10 years and a residual value of ₦20,000. What is the annual depreciation expense?

Answer Options

A. +₦18,000
Correct Answer B. +₦20,000
C. +₦22,000
D. +₦24,000
Correct Answer
B
Correct Option:
+₦20,000

About This Question

This is Post Utme Esut 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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