Post Utme Skyline University 2017 Accounting Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 3 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. It purchased a machine on January 1, 2018, for ₦200,000. The machine has a useful life of 5 years and a residual value of ₦20,000. What is the annual depreciation expense?

Answer Options

A. ₦36,000
B. ₦40,000
C. ₦44,000
Correct Answer D. ₦48,000
Correct Answer
D
Correct Option:
₦48,000

About This Question

This is Post Utme Skyline University 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Skyline University Accounting examination.

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