Post Utme Afe Babalola University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the straight-line method over a useful life of 5 years. What is the annual depreciation expense?

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 Afe Babalola University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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