Post Utme Ims U 2022 Accounting Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of the asset is ₦100,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 4. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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