Post Utme Osustech 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Osustech Accounting examination.

Post Utme Osustech 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_OSUSTECH • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦500,000. The machine 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. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Osustech 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Osustech Accounting examination.

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