Post Utme Ui 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Ui Accounting examination.

Post Utme Ui 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UI • 2020 • ACCOUNTING • objective

A company purchases a machine for ₦200,000. The machine is expected to last for 5 years, and the company uses the straight-line method to depreciate the machine. What is the annual depreciation?

Answer Options

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

About This Question

This is Post Utme Ui 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Ui Accounting examination.

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