Post Utme Caleb University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it by 10% per annum using the straight-line method. What is the amount of depreciation for the first year?

Answer Options

A. ₦50,000
Correct Answer B. ₦45,000
C. ₦40,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦45,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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