Post Utme Rhema University 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦1,500,000 and depreciates it over 5 years using the straight-line method. The machine is expected to have a residual value of ₦100,000. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦1,400,000
B. ₦1,500,000
C. ₦1,600,000
D. ₦1,700,000
Correct Answer
A
Correct Option:
₦1,400,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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