Post Utme Uniben 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. The machine has a useful life of 5 years and a residual value of ₦50,000. Using the straight-line method, what is the annual depreciation expense?

Answer Options

Correct Answer A. ₦90,000
B. ₦100,000
C. ₦80,000
D. ₦110,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Uniben 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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