Post Utme Wellspring University 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

A company purchased a machine for ₦ 30,000. The machine has a useful life of 4 years and a residual value of ₦ 3,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦ 6,750
B. ₦ 7,000
C. ₦ 7,250
D. ₦ 7,500
Correct Answer
A
Correct Option:
₦ 6,750

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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