Post Utme Uniben 2022 Accounting Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Uniben Accounting examination.

Post Utme Uniben 2022 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNIBEN • 2022 • ACCOUNTING • objective

A company has an asset that cost ₦50,000 and has a residual value of ₦10,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Uniben 2022 Accounting Question 9. It is one of the objective questions from the 2022 Post Utme Uniben Accounting examination.

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