Post Utme Uniosun 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2021 Accounting Objective / Multiple Choice

Question 17 POST_UTME_UNIOSUN • 2021 • ACCOUNTING • objective

A company purchases a machine for ₦500,000. The machine has a useful life of 5 years and a residual value of ₦50,000. What is the annual depreciation charge?

Answer Options

A. ₦80,000

B. ₦90,000

Correct Answer C. ₦100,000

D. ₦110,000

Correct Answer

Correct Option:

₦100,000

About This Question

This is Post Utme Uniosun 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.

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