Post Utme Joseph Ayo Babalola University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • 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. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

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