Post Utme Ui 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Ui Accounting examination.

Post Utme Ui 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UI • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of a machine is ₦150,000 and its residual value is ₦20,000, calculate the annual depreciation charge for a machine that is used for 5 years.

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Ui 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Ui Accounting examination.

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