Post Utme Aaua 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company purchases a machine for ₦500,000. The machine has a useful life of 5 years and a residual value of ₦50,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦90,000
B. ₦92,000
Correct Answer C. ₦95,000
D. ₦97,000
Correct Answer
C
Correct Option:
₦95,000

About This Question

This is Post Utme Aaua 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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