Post Utme Lead City University 2024 Accounting Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 2 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's cost is ₦10000 and its residual value is ₦2000, what is the annual depreciation charge?

Answer Options

A. ₦4000
Correct Answer B. ₦5000
C. ₦6000
D. ₦7000
Correct Answer
B
Correct Option:
₦5000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 2. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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