Post Utme Lasu 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Lasu Accounting examination.

Post Utme Lasu 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_LASU • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company's asset has a cost of 50,000, a residual value of 10,000, and a useful life of 5 years. What is the annual depreciation charge?

Answer Options

A. ₦8,000
B. ₦9,000
Correct Answer C. ₦10,000
D. ₦11,000
Correct Answer
C
Correct Option:
₦10,000

About This Question

This is Post Utme Lasu 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.

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