Post Utme Nile University 2019 Accounting Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 17 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's useful life is 5 years and its residual value is ₦50,000, what is the annual depreciation charge if the asset's cost is ₦250,000?

Answer Options

A. ₦40,000
Correct Answer B. ₦45,000
C. ₦50,000
D. ₦55,000
Correct Answer
B
Correct Option:
₦45,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 17. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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