Post Utme Al Hikmah University 2019 Accounting Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 37 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's original cost is ₦200,000 and its residual value is ₦20,000, what is the annual depreciation charge if the asset is used for 5 years?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 37. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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