Post Utme Noun 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦100,000. The machine has a useful life of 5 years and a residual value of ₦20,000. What is the annual depreciation charge?

Answer Options

A. ₦15,000
Correct Answer B. ₦18,000
C. ₦20,000
D. ₦22,000
Correct Answer
B
Correct Option:
₦18,000

About This Question

This is Post Utme Noun 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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