Post Utme Joseph Ayo Babalola University 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation to depreciate its assets. If the asset has a useful life of 5 years and a residual value of ₦20,000, what is the annual depreciation charge if the asset cost ₦150,000?

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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