Post Utme Crawford University 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. 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 Crawford University 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Crawford University Accounting examination.

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