Post Utme Osustech 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Osustech Accounting examination.

Post Utme Osustech 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_OSUSTECH • 2023 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company's assets have a useful life of 10 years and a residual value of ₦20,000. Calculate the annual depreciation charge.

Answer Options

A. ₦18,000
Correct Answer B. ₦20,000
C. ₦22,000
D. ₦24,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Osustech 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.

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