Post Utme Lasu 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company purchases a machine for ₦200,000 and expects it to last for 5 years. What is the annual depreciation expense?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Lasu 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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