Post Utme Ui 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Ui Accounting examination.

Post Utme Ui 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UI • 2020 • ACCOUNTING • objective

A company uses the double-declining balance method of depreciation. If the cost of the asset is ₦300,000 and the useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦60,000
B. ₦75,000
Correct Answer C. ₦90,000
D. ₦100,000
Correct Answer
C
Correct Option:
₦90,000

About This Question

This is Post Utme Ui 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Ui Accounting examination.

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