Post Utme Osustech 2024 Accounting Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice
Question 14 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A company purchased a building for ₦2,000,000. The building has a useful life of 10 years and a residual value of ₦200,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦180,000
B. ₦160,000
C. ₦200,000
D. ₦220,000
Correct Answer
A
Correct Option:
₦180,000

About This Question

This is Post Utme Osustech 2024 Accounting Question 14. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

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