Post Utme Oau 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A company's depreciation policy requires that its office equipment be depreciated using the straight-line method over a period of 5 years. If the office equipment cost ₦20,000 and has a residual value of ₦2,000, what is the annual depreciation charge?

Answer Options

A. ₦3,000
Correct Answer B. ₦3,600
C. ₦4,000
D. ₦4,800
Correct Answer
B
Correct Option:
₦3,600

About This Question

This is Post Utme Oau 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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