Post Utme Unilag 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Unilag Accounting examination.

Post Utme Unilag 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2018 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company has a machine that cost ₦500,000 and has a useful life of 5 years. If the company uses a residual value of ₦50,000, what is the annual depreciation?

Answer Options

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

About This Question

This is Post Utme Unilag 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.

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