Post Utme Madonna University 2025 Accounting Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2025 Accounting Objective / Multiple Choice
Question 4 POST_UTME_MADONNA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of the asset is ₦200,000 and the useful life is 5 years. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦40,000
B. ₦20,000
C. ₦30,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Madonna University 2025 Accounting Question 4. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support