Post Utme Joseph Ayo Babalola University 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The asset cost ₦100,000 and has a residual value of ₦20,000. Calculate the annual depreciation charge.

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

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