Post Utme Joseph Ayo Babalola University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • 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. What is the annual depreciation for the first year?

Answer Options

A. ₦90,000
Correct Answer B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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