Post Utme Eksu 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company purchased a machine for ₦ 1,000,000. The machine is expected to have a useful life of 5 years and a residual value of ₦ 100,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦160,000
B. ₦170,000
Correct Answer C. ₦180,000
D. ₦190,000
Correct Answer
C
Correct Option:
₦180,000

About This Question

This is Post Utme Eksu 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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