Post Utme Nile University 2019 Accounting Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 30 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the revaluation method of depreciation. The asset has a cost of ₦200,000 and a useful life of 5 years. The asset is revalued at ₦250,000. What is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 30. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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