Post Utme Esut 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 14 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 ₦200,000?

Answer Options

A. ₦18,000
Correct Answer B. ₦20,000
C. ₦22,000
D. ₦24,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Esut 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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