Post Utme Summit University 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Summit University Accounting examination.

Post Utme Summit University 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's assets are valued at ₦1,500,000. The company depreciates its assets using the straight-line method. If the asset's useful life is 5 years, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦300,000
B. ₦250,000
C. ₦200,000
D. ₦150,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Summit University 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Summit University Accounting examination.

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