Post Utme Uniben 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Uniben Accounting examination.

Post Utme Uniben 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_UNIBEN • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset cost N100,000 and has a residual value of N20,000, what is the annual depreciation charge for the first year?

Answer Options

A. N10,000
Correct Answer B. N20,000
C. N30,000
D. N40,000
Correct Answer
B
Correct Option:
N20,000

About This Question

This is Post Utme Uniben 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.

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