Post Utme Christopher University 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company purchased a building for ₦500,000. The building is expected to last for 10 years and has a residual value of ₦50,000. Calculate the annual depreciation charge using the straight-line method.

Answer Options

A. ₦45,000
Correct Answer B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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