Post Utme Unilag 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company purchases a machine for ₦500,000. The machine has an expected useful life of 5 years and a residual value of ₦50,000. Calculate the annual depreciation using the reducing-balance method.

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Unilag 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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