Post Utme Noun 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦500,000 and its residual value is ₦50,000. Calculate the annual depreciation charge for the machine.

Answer Options

A. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Noun 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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