Post Utme Futo 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A company's manufacturing department uses a machine that costs ₦1,500,000. The machine has a useful life of 5 years and a residual value of ₦150,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Futo 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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