Post Utme Rhema University 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_RHEMA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company purchased 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.

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 Rhema University 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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