Post Utme Uniport 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦200,000, and its residual value is ₦20,000. The machine is expected to last for 5 years. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦30,000.
B. ₦40,000.
C. ₦50,000.
D. ₦60,000.
Correct Answer
A
Correct Option:
₦30,000.

About This Question

This is Post Utme Uniport 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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