Post Utme Afe Babalola University 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company's asset has a cost of ₦100,000 and a useful life of 5 years. Determine the annual depreciation charge.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Afe Babalola University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Accounting examination.

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