Post Utme Unn 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦500,000, and its residual value is ₦50,000. Calculate the annual depreciation for the first year.

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Unn 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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