Post Utme Esut 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ESUT • 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. What is the annual depreciation expense?

Answer Options

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

About This Question

This is Post Utme Esut 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

View More Post Utme Esut 2018 Accounting Questions More Post Utme Esut Practice Questions Back to Questions

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