Post Utme Nile University 2025 Accounting Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Nile University Accounting examination.

Post Utme Nile University 2025 Accounting Objective / Multiple Choice
Question 9 POST_UTME_NILE_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-declining balance method to depreciate its assets. If the asset's cost is ₦120,000, its residual value is ₦0, and its useful life is 5 years, calculate the annual depreciation charge.

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦16,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Nile University 2025 Accounting Question 9. It is one of the objective questions from the 2025 Post Utme Nile University Accounting examination.

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