Post Utme Summit University 2024 Accounting Question 45

Practice objective / multiple choice question 45 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 45 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 15% per annum using the reducing balance method. If the asset cost ₦ 20,000 and its useful life is 4 years, calculate the annual depreciation charge.

Answer Options

Correct Answer A. ₦ 3,000
B. ₦ 2,500
C. ₦ 2,000
D. ₦ 1,500
Correct Answer
A
Correct Option:
₦ 3,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 45. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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