Post Utme Esut 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset has a useful life of 10 years and a residual value of ₦20,000, what is the annual depreciation charge if the asset cost ₦250,000?

Answer Options

A. ₦20,000
Correct Answer B. ₦22,500
C. ₦25,000
D. ₦27,500
Correct Answer
B
Correct Option:
₦22,500

About This Question

This is Post Utme Esut 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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