Post Utme Afe Babalola University 2024 Accounting Question 12

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

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice

Question 12 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchases a machine for ₦1,000,000. The machine has an expected useful life of 5 years and a residual value of ₦100,000. Calculate the annual depreciation for the first year using the straight-line method.

Answer Options

A. ₦180,000

Correct Answer B. ₦200,000

C. ₦220,000

D. ₦240,000

Correct Answer

Correct Option:

₦200,000

About This Question

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

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