Post Utme Crawford University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦ 50,000, and its residual value is ₦ 5,000. Calculate the annual depreciation charge for the machine.

Answer Options

A. ₦ 2,500
B. ₦ 3,000
Correct Answer C. ₦ 4,000
D. ₦ 5,000
Correct Answer
C
Correct Option:
₦ 4,000

About This Question

This is Post Utme Crawford University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Crawford University Accounting examination.

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