Post Utme Futa 2022 Accounting Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 25 POST_UTME_FUTA • 2022 • 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 charge?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Futa 2022 Accounting Question 25. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

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