Post Utme Greenfield University 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchased a machine for ₦1,500,000. It is expected to have a useful life of 5 years and a residual value of ₦150,000. Calculate the annual depreciation.

Answer Options

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

About This Question

This is Post Utme Greenfield University 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Greenfield University Accounting examination.

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