Post Utme Ims U 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦50,000, and its useful life is 5 years. What is the annual depreciation expense?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,500
C. ₦15,000
D. ₦17,500
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Ims U 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

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