Post Utme Unilag 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

A company purchased a machine for ₦2,000,000. The machine has a useful life of 5 years and a residual value of ₦100,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦300,000
B. ₦350,000
Correct Answer C. ₦400,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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