Post Utme Aaua 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's useful life is 10 years and the residual value is ₦20,000, what is the annual depreciation charge if the asset's cost is ₦300,000?

Answer Options

Correct Answer A. ₦28,000
B. ₦30,000
C. ₦32,000
D. ₦35,000
Correct Answer
A
Correct Option:
₦28,000

About This Question

This is Post Utme Aaua 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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