Post Utme Babcock University 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the double-declining balance method to depreciate its assets. If the asset's cost is ₦150,000, its residual value is ₦0, and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦30,000
B. ₦25,000
C. ₦20,000
D. ₦15,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Babcock University 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Babcock University Accounting examination.

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