Post Utme Redeemers University 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's assets are valued at ₦100,000. The company uses the straight-line method of depreciation. If the asset has a useful life of 5 years, what is the annual depreciation charge?

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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