Post Utme Abu 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Abu Accounting examination.

Post Utme Abu 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_ABU • 2019 • ACCOUNTING • objective

A company has a machine that cost ₦500,000 and has a useful life of 5 years. The machine is depreciated using the straight-line method. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦100,000
B. ₦50,000
C. ₦75,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Abu 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Abu Accounting examination.

View More Post Utme Abu 2019 Accounting Questions More Post Utme Abu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support