Post Utme Crawford University 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-declining balance method of depreciation. If the asset's cost is ₦200,000 and its residual value is ₦20,000, what is the annual depreciation charge if the asset's useful life is 5 years?

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 25. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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