Post Utme Christopher University 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of the asset is ₦500,000, and it has a useful life of 5 years. What is the annual depreciation charge?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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