Post Utme Skyline University 2020 Accounting Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2020 Accounting Objective / Multiple Choice
Question 28 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's assets are valued as follows: Buildings ₦500,000, Machinery ₦300,000, Vehicles ₦100,000. The company uses the straight-line method of depreciation. Calculate the annual depreciation for each asset.

Answer Options

Correct Answer A. ₦50,000, ₦30,000, ₦10,000
B. ₦40,000, ₦20,000, ₦8,000
C. ₦60,000, ₦40,000, ₦12,000
D. ₦40,000, ₦30,000, ₦10,000
Correct Answer
A
Correct Option:
₦50,000, ₦30,000, ₦10,000

About This Question

This is Post Utme Skyline University 2020 Accounting Question 28. It is one of the objective questions from the 2020 Post Utme Skyline University Accounting examination.

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