Post Utme Bsu 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company's assets have a useful life of 10 years and a residual value of ₦5,000. What is the annual depreciation charge for the company?

Answer Options

Correct Answer A. ₦4,500
B. ₦5,000
C. ₦5,500
D. ₦6,000
Correct Answer
A
Correct Option:
₦4,500

About This Question

This is Post Utme Bsu 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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