Post Utme Osustech 2024 Accounting Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice

Question 12 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. The machine has a useful life of 5 years and a residual value of ₦50,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦90,000

B. ₦100,000

C. ₦80,000

D. ₦110,000

Correct Answer

Correct Option:

₦90,000

About This Question

This is Post Utme Osustech 2024 Accounting Question 12. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

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