Post Utme Igbinedion University 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's accounting policy requires that depreciation be calculated using the straight-line method. If the company purchased a machine for ₦250,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦50,000
B. ₦40,000
C. ₦30,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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