Post Utme Christopher University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 5,000, 10% debentures of ₦ 100 each at a discount of 5%. The debentures are redeemable at par after 5 years. Calculate the annual depreciation on the debentures.

Answer Options

A. ₦ 2,500
B. ₦ 5,000
Correct Answer C. ₦ 7,500
D. ₦ 10,000
Correct Answer
C
Correct Option:
₦ 7,500

About This Question

This is Post Utme Christopher University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

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