Post Utme Rsu 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Rsu Accounting examination.

Post Utme Rsu 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_RSU • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of an asset is ₦120,000 and its residual value is ₦20,000, what is the annual depreciation charge?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Rsu 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Rsu Accounting examination.

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