Post Utme Joseph Ayo Babalola University 2021 Accounting Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2021 Accounting Objective / Multiple Choice
Question 32 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦500,000. The machine has a useful life of 5 years and a residual value of ₦50,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦90,000
B. ₦92,000
C. ₦95,000
D. ₦97,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Accounting examination.

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