Post Utme Rhema University 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_RHEMA_UNIVERSITY • 2024 • 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. What is the annual depreciation charge using the straight-line method?

Answer Options

Correct Answer A. ₦90,000
B. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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