Post Utme Abu 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset has a useful life of 5 years and a cost of ₦100,000, what is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Abu 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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