Post Utme Eksu 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A company uses the double-declining balance method to depreciate its assets. If the asset's cost is ₦100,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦20,000
B. ₦22,000
Correct Answer C. ₦24,000
D. ₦26,000
Correct Answer
C
Correct Option:
₦24,000

About This Question

This is Post Utme Eksu 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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