Post Utme Ui 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UI • 2024 • ACCOUNTING • objective

A company uses the double-declining balance method to depreciate its assets. The asset has a cost of ₦200,000 and a useful life of 5 years. Calculate the annual depreciation.

Answer Options

Correct Answer A. ₦40,000
B. ₦30,000
C. ₦20,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Ui 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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