Post Utme Redeemers University 2018 Accounting Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice
Question 36 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for a machine that cost ₦500,000 and has a residual value of ₦50,000. If the machine is expected to last for 5 years, calculate the annual depreciation charge.

Answer Options

A. ₦90,000
Correct Answer B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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