Post Utme Unn 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Unn Accounting examination.

Post Utme Unn 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNN • 2017 • ACCOUNTING • objective

A company purchased a machine for ₦120,000. The machine is expected to have a useful life of 5 years and a residual value of ₦20,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦20,000 per annum
Correct Answer B. ₦22,000 per annum
C. ₦24,000 per annum
D. ₦26,000 per annum
Correct Answer
B
Correct Option:
₦22,000 per annum

About This Question

This is Post Utme Unn 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Unn Accounting examination.

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