Post Utme Oau 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Oau Accounting examination.

Post Utme Oau 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_OAU • 2025 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's cost is ₦120,000 and its residual value is ₦20,000, calculate the annual depreciation charge.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦40,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Oau 2025 Accounting Question 27. It is one of the objective questions from the 2025 Post Utme Oau Accounting examination.

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