Post Utme Afe Babalola University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of the asset is ₦1,000,000 and its residual value is ₦200,000. The asset is depreciated over 5 years. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦150,000
B. ₦180,000
C. ₦200,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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