Post Utme Rhema University 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦1,800
B. ₦2,000
C. ₦2,200
D. ₦2,500
Correct Answer
A
Correct Option:
₦1,800

About This Question

This is Post Utme Rhema University 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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