Post Utme Lasu 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company purchased a machine for ₦150,000. The machine has a useful life of 5 years and a residual value of ₦20,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦25,000
B. ₦30,000
C. ₦28,000
D. ₦32,000
Correct Answer
A
Correct Option:
₦25,000

About This Question

This is Post Utme Lasu 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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