Post Utme Greenfield University 2022 Commerce Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2022 Commerce Objective / Multiple Choice
Question 34 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • COMMERCE • objective

A sole trader is considering the purchase of a new piece of equipment for ₦200,000. However, the equipment will have a useful life of 5 years and a residual value of ₦20,000. What is the annual depreciation of the equipment?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Greenfield University 2022 Commerce Question 34. It is one of the objective questions from the 2022 Post Utme Greenfield University Commerce examination.

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