Post Utme Uniben 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Uniben Accounting examination.

Post Utme Uniben 2021 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIBEN • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's cost is ₦1,500,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦300,000
Correct Answer B. ₦150,000
C. ₦75,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Uniben 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Uniben Accounting examination.

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