Post Utme Wellspring University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchased a machine for ₦ 15,000. The machine has a useful life of 5 years and a residual value of ₦ 2,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦ 2,500
Correct Answer B. ₦ 3,000
C. ₦ 3,500
D. ₦ 4,000
Correct Answer
B
Correct Option:
₦ 3,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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