Post Utme Ui 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Ui Accounting examination.

Post Utme Ui 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_UI • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Ui 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Ui Accounting examination.

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