Post Utme Eksu 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company purchased a machine for ₦ 500,000. The machine is expected to have a useful life of 5 years and a residual value of ₦ 50,000. Calculate the annual depreciation using the straight-line method.

Answer Options

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

About This Question

This is Post Utme Eksu 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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