Post Utme Unilorin 2019 Accounting Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2019 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNILORIN • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of a machine is ₦80,000, its residual value is ₦20,000, and its useful life is 4 years, what is the annual depreciation expense?

Answer Options

A. ₦12,000
B. ₦15,000
Correct Answer C. ₦18,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦18,000

About This Question

This is Post Utme Unilorin 2019 Accounting Question 24. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.

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