Post Utme Nile University 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. It is expected to have 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. ₦90,000
B. ₦95,000
Correct Answer C. ₦100,000
D. ₦105,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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