Post Utme Uniosun 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNIOSUN • 2020 • ACCOUNTING • objective

A company purchased a machine for ₦150,000. The machine has a useful life of 5 years and a residual value of ₦20,000. Calculate the annual depreciation using the reducing balance method.

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Uniosun 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Uniosun Accounting examination.

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