Post Utme Achievers University 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the straight-line method over a 5-year useful life. Calculate the annual depreciation charge.

Answer Options

Correct Answer A. ₦80,000
B. ₦100,000
C. ₦120,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦80,000

About This Question

This is Post Utme Achievers University 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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