Post Utme Greenfield University 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company purchased a machine for ₦1,500,000. The machine is expected to have a useful life of 5 years and a residual value of ₦0. The company uses the straight-line method of depreciation. Calculate the annual depreciation charge.

Answer Options

A. ₦10,000
B. ₦10,500
Correct Answer C. ₦11,000
D. ₦11,500
Correct Answer
C
Correct Option:
₦11,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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