Post Utme Ksu 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Ksu Accounting examination.

Post Utme Ksu 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_KSU • 2018 • ACCOUNTING • objective

A company purchases a machine for ₦200,000. The machine has a useful life of 5 years and a residual value of ₦20,000. What is the annual depreciation charge using the straight-line method?

Answer Options

Correct Answer A. ₦36,000
B. ₦40,000
C. ₦38,000
D. ₦42,000
Correct Answer
A
Correct Option:
₦36,000

About This Question

This is Post Utme Ksu 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Ksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support