Post Utme Osustech 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company has a machine that cost ₦100,000 and is expected to last for 5 years. Calculate the annual depreciation.

Answer Options

Correct Answer A. ₦20,000
B. ₦15,000
C. ₦10,000
D. ₦5,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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