Post Utme Crawford University 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's original cost is ₦500,000 and its residual value is ₦100,000, what is the annual depreciation charge for the asset?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support