Post Utme Covenant University 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's fixed assets include a building that was purchased for ₦5,000,000. The building has a useful life of 20 years and a residual value of ₦500,000. What is the annual depreciation charge for the building?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Covenant University 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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