Post Utme Nile University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice

Question 16 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchased a machine for ₦1,500,000. Depreciation is calculated using the straight-line method. If the machine is expected to last for 5 years, calculate the annual depreciation charge.

Answer Options

Correct Answer A. ₦300,000

B. ₦150,000

C. ₦75,000

D. ₦30,000

Correct Answer

Correct Option:

₦300,000

About This Question

This is Post Utme Nile University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

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