Post Utme Unilorin 2020 Accounting Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The asset has a cost of ₦100,000 and a residual value of ₦20,000. The asset is expected to last for 5 years. What is the annual depreciation charge?

Answer Options

A. ₦16,000
B. ₦18,000
Correct Answer C. ₦20,000
D. ₦22,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Unilorin 2020 Accounting Question 15. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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