Post Utme Redeemers University 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If an asset cost ¡ 100,000 and has a useful life of 5 years, calculate the annual depreciation charge.

Answer Options

Correct Answer A. ¡ 20,000
B. ¡ 18,000
C. ¡ 16,000
D. ¡ 14,000
Correct Answer
A
Correct Option:
¡ 20,000

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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