Post Utme Unilorin 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2022 Accounting Objective / Multiple Choice

Question 24 POST_UTME_UNILORIN • 2022 • ACCOUNTING • objective

A company purchases a machine for ₦0,000. The machine has a useful life of 5 years and a residual value of ₣0,000. Calculate the annual depreciation using the reducing balance method.

Answer Options

A. ₡0,000

B. ₡2,000

Correct Answer C. ₡5,000

D. ₡8,000

Correct Answer

Correct Option:

₡5,000

About This Question

This is Post Utme Unilorin 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.

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