Post Utme Unilorin 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the straight-line method over a period of 5 years. Calculate the annual depreciation charge.

Answer Options

A. ₦100,000
Correct Answer B. ₦80,000
C. ₦120,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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