Post Utme Uniport 2024 Accounting Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNIPORT • 2024 • 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. ₦92,000
Correct Answer C. ₦95,000
D. ₦98,000
Correct Answer
C
Correct Option:
₦95,000

About This Question

This is Post Utme Uniport 2024 Accounting Question 37. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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