Post Utme Rhema University 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company purchased a machine for ₦120,000. It is expected to have a useful life of 5 years and a residual value of ₦20,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦20,000
B. ₦22,000
Correct Answer C. ₦24,000
D. ₦26,000
Correct Answer
C
Correct Option:
₦24,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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