Post Utme Ui 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company purchased a machine on January 1, 2020, at ₦1,500,000, with a useful life of 5 years and a residual value of ₦150,000. Calculate the annual depreciation for the year ended December 31, 2022.

Answer Options

A. ₦300,000
Correct Answer B. ₦250,000
C. ₦200,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Ui 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

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