Post Utme Delsu 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_DELSU • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦90,000
Correct Answer B. ₦92,000
C. ₦95,000
D. ₦97,000
Correct Answer
B
Correct Option:
₦92,000

About This Question

This is Post Utme Delsu 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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