Post Utme Babcock University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's useful life is 5 years and the residual value is ₦0, what is the annual depreciation charge if the asset's cost is ₦1,500,000?

Answer Options

Correct Answer A. ₦300,000
B. ₦150,000
C. ₦75,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Babcock University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

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