Post Utme Caleb University 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset has a useful life of 5 years and a residual value of ₦50,000, calculate the annual depreciation.

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Caleb University 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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