Post Utme Noun 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of a machine is ₦150,000 and its residual value is ₦20,000, what is the annual depreciation charge if the machine is expected to last for 5 years?

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Noun 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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