Post Utme Caleb University 2017 Accounting Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 15 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchases a building for ₦1,500,000 and depreciates it using the straight-line method over a useful life of 10 years. Calculate the annual depreciation charge if the building is expected to have a residual value of ₦150,000.

Answer Options

Correct Answer A. ₦135,000
B. ₦145,000
C. ₦155,000
D. ₦165,000
Correct Answer
A
Correct Option:
₦135,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 15. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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