Post Utme Crawford University 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's useful life is 5 years and its residual value is ₦50,000, what is the annual depreciation charge if the asset's cost is ₦250,000?

Answer Options

A. ₦40,000
Correct Answer B. ₦45,000
C. ₦50,000
D. ₦55,000
Correct Answer
B
Correct Option:
₦45,000

About This Question

This is Post Utme Crawford University 2025 Accounting Question 21. It is one of the objective questions from the 2025 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