Post Utme Al Hikmah University 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The asset has a useful life of 5 years and a residual value of ₦20,000. If the asset cost ₦100,000, what is the annual depreciation charge?

Answer Options

A. ₦16,000
B. ₦18,000
Correct Answer C. ₦20,000
D. ₦22,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Al Hikmah University 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.

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