Post Utme Rhema University 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company purchases a machine for ₦120,000 and depreciates it using the straight-line method over a period of 5 years. Calculate the annual depreciation for the first year.

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Rhema University 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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