Post Utme Rhema University 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company purchases a machine for ₦500,000. The machine has a useful life of 5 years and a residual value of ₦50,000. The company uses the straight-line method of depreciation. What is 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 Rhema University 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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