Post Utme Madonna University 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_MADONNA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset cost ₦150,000 and has a useful life of 5 years, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦30,000
B. ₦25,000
C. ₦20,000
D. ₦15,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Madonna University 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

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