Post Utme Uniosun 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UNIOSUN • 2019 • ACCOUNTING • objective

A company purchased a machine for ₦500,000 and immediately depreciated it by 20% in the first year. Calculate the amount of depreciation for the first year.

Answer Options

A. ₦100,000
Correct Answer B. ₦80,000
C. ₦120,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Uniosun 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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