Post Utme Rsu 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Rsu Accounting examination.

Post Utme Rsu 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_RSU • 2024 • ACCOUNTING • objective

Determine the amount of depreciation for a machine with a cost of ₦120,000, a useful life of 5 years, and a residual value of ₦20,000, using the straight-line method.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Rsu 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Rsu Accounting examination.

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