Post Utme Rhema University 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company purchases a machine for ₦500,000 and estimates its useful life to be 5 years. What is the annual depreciation expense?

Answer Options

A. ₦100,000
Correct Answer B. ₦125,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦125,000

About This Question

This is Post Utme Rhema University 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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