Post Utme Madonna University 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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