Post Utme Oau 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Oau Accounting examination.

Post Utme Oau 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_OAU • 2021 • 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. If the machine is depreciated over a period of 5 years, what is the annual depreciation charge?

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 Oau 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Oau Accounting examination.

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