Post Utme Christopher University 2021 Accounting Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of a machine is ₦50,000 and its residual value is ₦10,000, calculate the annual depreciation charge if the machine is expected to last for 5 years.

Answer Options

A. ₦7,000
Correct Answer B. ₦8,000
C. ₦9,000
D. ₦10,000
Correct Answer
B
Correct Option:
₦8,000

About This Question

This is Post Utme Christopher University 2021 Accounting Question 8. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support