Post Utme Ims U 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Ims U Accounting examination.

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's useful life is 5 years and the residual value is ₦10,000, what is the annual depreciation charge for an asset costing ₦50,000?

Answer Options

Correct Answer A. ₦8,000
B. ₦10,000
C. ₦12,000
D. ₦15,000
Correct Answer
A
Correct Option:
₦8,000

About This Question

This is Post Utme Ims U 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Ims U Accounting examination.

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