Post Utme Achievers University 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦500,000 and its residual value is ₦50,000. Calculate the annual depreciation charge for the machine.

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Achievers University 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

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