Post Utme Noun 2025 Accounting Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Noun Accounting examination.

Post Utme Noun 2025 Accounting Objective / Multiple Choice
Question 13 POST_UTME_NOUN • 2025 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's useful life is 5 years and the residual value is ₦5000, what is the annual depreciation charge if the asset's cost is ₦25000?

Answer Options

A. ₦4000
Correct Answer B. ₦5000
C. ₦6000
D. ₦7000
Correct Answer
B
Correct Option:
₦5000

About This Question

This is Post Utme Noun 2025 Accounting Question 13. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.

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