Post Utme Bowen University 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the straight-line method to calculate depreciation. The company has a machine with a useful life of 5 years and a cost of ₦50,000. If the company uses a depreciation rate of 10% per annum, what is the annual depreciation?

Answer Options

Correct Answer A. ₦5,000
B. ₦5,500
C. ₦6,000
D. ₦6,500
Correct Answer
A
Correct Option:
₦5,000

About This Question

This is Post Utme Bowen University 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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