Post Utme Igbinedion University 2024 Accounting Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 9 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchases a machine for ₦200,000, which is expected to have a useful life of 5 years and a residual value of ₦20,000. Using the straight-line method, what is the annual depreciation for the machine?

Answer Options

A. ₦36,000
B. ₦40,000
Correct Answer C. ₦42,000
D. ₦44,000
Correct Answer
C
Correct Option:
₦42,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 9. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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