Post Utme Abu 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Abu Accounting examination.

Post Utme Abu 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ABU • 2017 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset has a useful life of 5 years and a cost of ₦50,000, what is the annual depreciation charge?

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 Abu 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support