Post Utme Bsu 2022 Accounting Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Bsu Accounting examination.

Post Utme Bsu 2022 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BSU • 2022 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's original cost is ₦1,000,000 and its residual value is ₦200,000, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦400,000
B. ₦300,000
C. ₦200,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Bsu 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Bsu Accounting examination.

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