Post Utme Christopher University 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset has a useful life of 5 years and a residual value of ₦10,000, what is the annual depreciation charge?

Answer Options

A. ₦20,000
B. ₦22,000
Correct Answer C. ₦25,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦25,000

About This Question

This is Post Utme Christopher University 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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