Post Utme Lasu 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If an asset cost ₦100,000 and its useful life is 5 years, what is its annual depreciation charge?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Lasu 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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