Post Utme Coal City University 2018 Accounting Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 22 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. The machine has a useful life of 5 years and a residual value of ₦50,000. Calculate the annual depreciation using the straight-line method.

Answer Options

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

About This Question

This is Post Utme Coal City University 2018 Accounting Question 22. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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