Post Utme Lasu 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset has a useful life of 5 years and a residual value of ₦10,000, what is the annual depreciation charge for an asset costing ₦50,000?

Answer Options

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

About This Question

This is Post Utme Lasu 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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