Post Utme Christopher University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchased a machine for ₦150,000. Depreciation is calculated using the straight-line method. If the machine is expected to last for 5 years, and the company uses a 20% residual value, what is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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