Post Utme Mountain Top University 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company purchased a machine for ¡ 1,000,000 and expects it to last for 5 years. Calculate the annual depreciation expense for the first year.

Answer Options

Correct Answer A. ¡ 200,000
B. ¡ 150,000
C. ¡ 100,000
D. ¡ 50,000
Correct Answer
A
Correct Option:
¡ 200,000

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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