Post Utme Crawford University 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchases a machine for ₦1,000,000 and depreciates it using the straight-line method. The machine has a useful life of 5 years and a residual value of ₦100,000. Calculate the annual depreciation charge.

Answer Options

A. ₦150,000
B. ₦160,000
Correct Answer C. ₦170,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Crawford University 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Crawford 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