Post Utme Unilag 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UNILAG • 2019 • 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. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦90,000
B. ₦95,000
Correct Answer C. ₦100,000
D. ₦105,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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