Post Utme Rhema University 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A machine was purchased for ₦50,000 and had a useful life of 5 years. The machine is depreciated using the straight-line method. The annual depreciation charge is:

Answer Options

A. ₦10,000
Correct Answer B. ₦12,500
C. ₦15,000
D. ₦17,500
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Rhema University 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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