Post Utme Greenfield University 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchases a machine for ₦120,000 and sells it after 5 years for ₦180,000. The machine depreciates at 10% per annum. Calculate the annual depreciation.

Answer Options

A. ₦2,400
Correct Answer B. ₦3,600
C. ₦4,800
D. ₦6,000
Correct Answer
B
Correct Option:
₦3,600

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting examination.

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