Post Utme Abu 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Abu Accounting examination.

Post Utme Abu 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ABU • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦500,000 and its useful life is 5 years. Calculate the annual depreciation charge.

Answer Options

A. ₦100,000
Correct Answer B. ₦80,000
C. ₦60,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Abu 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Abu Accounting examination.

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