Post Utme Rsu 2023 Accounting Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 37 POST_UTME_RSU • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation to calculate the depreciation of its assets. If the asset's cost is ₦500,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦100,000
Correct Answer B. ₦80,000
C. ₦60,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Rsu 2023 Accounting Question 37. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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