Post Utme Igbinedion University 2018 Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 31 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. The machine has an estimated useful life of 5 years and a residual value of ₦50,000. Using the straight-line method, what is the annual depreciation for the first year?

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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