Post Utme Aaua 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Aaua Accounting examination.

Post Utme Aaua 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2025 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company's asset has a useful life of 5 years and a residual value of ₦20,000. What is the annual depreciation charge?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Aaua 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Aaua Accounting examination.

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