Post Utme Aaua 2021 Accounting Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Aaua Accounting examination.

Post Utme Aaua 2021 Accounting Objective / Multiple Choice
Question 8 POST_UTME_AAUA • 2021 • ACCOUNTING • objective

A company purchased a machine for ₦ 50,000. The machine has a useful life of 5 years and a residual value of ₦ 5,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦ 9,500
Correct Answer B. ₦ 10,000
C. ₦ 10,500
D. ₦ 11,000
Correct Answer
B
Correct Option:
₦ 10,000

About This Question

This is Post Utme Aaua 2021 Accounting Question 8. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.

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