Post Utme Igbinedion University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's cost is ₦120,000 and its residual value is ₦20,000, what is the annual depreciation charge?

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.

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