Post Utme Christopher University 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's asset is depreciated using the straight-line method. The asset's cost is ₦500,000 and its useful life is 5 years. What is the annual depreciation charge?

Answer Options

A. ₦100,000
Correct Answer B. ₦80,000
C. ₦60,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Christopher University 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

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