Post Utme Uniport 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A company's accounting policy requires that depreciation be calculated using the straight-line method. The company purchased a machine for ₦120,000 and expects it to last for 5 years. What is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦30,000
D. ₦36,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Uniport 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

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