Post Utme Babcock University 2022 Commerce Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2022 Commerce Objective / Multiple Choice
Question 37 POST_UTME_BABCOCK_UNIVERSITY • 2022 • COMMERCE • objective

A company is considering the purchase of a new machine. The machine costs ₦500,000 and has a useful life of 5 years. The company expects to sell the machine at the end of its useful life for ₦200,000. What is the annual depreciation of the machine using the straight-line method?

Answer Options

Correct Answer A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Babcock University 2022 Commerce Question 37. It is one of the objective questions from the 2022 Post Utme Babcock University Commerce examination.

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