Post Utme Afe Babalola University 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's assets are valued at ₦1,500,000. The company uses the straight-line method of depreciation. If the asset has a useful life of 5 years and a residual value of ₦150,000, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦270,000
B. ₦300,000
C. ₦250,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦270,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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