Post Utme Afe Babalola University 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The asset has a cost of ₦1,000,000 and a residual value of ₦200,000. The asset is expected to have a useful life of 5 years. Determine the annual depreciation charge.

Answer Options

A. ₦150,000
B. ₦160,000
Correct Answer C. ₦170,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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