Post Utme Unn 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company's accounting policy requires that depreciation be calculated using the straight-line method. If a machine has a useful life of 5 years and a cost of ₦ 50,000, what is the annual depreciation expense?

Answer Options

A. ₦ 10,000
Correct Answer B. ₦ 12,500
C. ₦ 15,000
D. ₦ 20,000
Correct Answer
B
Correct Option:
₦ 12,500

About This Question

This is Post Utme Unn 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

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