Post Utme Mountain Top University 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • 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

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

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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