Post Utme Skyline University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has a machine that costs ₦50,000 and has a useful life of 5 years. If the company uses the double-declining balance method to depreciate the machine, what is the depreciation expense for the first year?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,500
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Skyline University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Skyline University Accounting examination.

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