Post Utme Futa 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦120,000. 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. ₦20,000
Correct Answer B. ₦22,000
C. ₦24,000
D. ₦26,000
Correct Answer
B
Correct Option:
₦22,000

About This Question

This is Post Utme Futa 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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