Post Utme Eksu 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Eksu Accounting examination.

Post Utme Eksu 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_EKSU • 2022 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Eksu 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Eksu Accounting examination.

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