Post Utme Unn 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Unn Accounting examination.

Post Utme Unn 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNN • 2017 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. The machine is expected to have a useful life of 5 years and a residual value of ₦50,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦90,000
B. ₦90,000
C. ₦90,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Unn 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Unn Accounting examination.

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