Post Utme Caleb University 2023 Accounting Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 21 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's accounting policy requires that depreciation be calculated using the straight-line method. If the company purchased a machine for ₦1,500,000 and it has a useful life of 5 years, what is the annual depreciation charge?

Answer Options

A. ₦300,000
Correct Answer B. ₦150,000
C. ₦75,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 21. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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