Post Utme Bowen University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's useful life is 5 years and the residual value is ₦50,000, what is the annual depreciation charge for an asset costing ₦250,000?

Answer Options

A. ₦40,000
B. ₦45,000
Correct Answer C. ₦50,000
D. ₦55,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Bowen University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Bowen University Accounting examination.

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