Post Utme Coal City University 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the straight-line method. The machine has a useful life of 5 years and a residual value of ₦50,000. What is the annual depreciation charge?

Answer Options

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

About This Question

This is Post Utme Coal City University 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Coal City University Accounting examination.

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