Post Utme Coal City University 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for a machine that cost ₦500,000. If the machine has a useful life of 5 years, what is the annual depreciation?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Coal City University 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Coal City University Accounting examination.

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