Post Utme Ims U 2021 Accounting Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 8 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If the asset has a useful life of 5 years, what is the annual depreciation charge?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Ims U 2021 Accounting Question 8. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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