Post Utme Joseph Ayo Babalola University 2025 Accounting Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 3 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company's assets have a total cost of ₦500,000 and an estimated useful life of 10 years. If the company uses a residual value of ₦50,000, what is the annual depreciation expense?

Answer Options

A. ₦45,000
Correct Answer B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 3. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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