Post Utme Summit University 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchases a machine for ₦1,500,000. The machine has an estimated useful life of 5 years and a residual value of ₦150,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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