Post Utme Caleb University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_CALEB_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. Calculate the annual depreciation charge if the machine is expected to have a residual value of ₦50,000.

Answer Options

Correct Answer A. ₦90,000
B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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