Post Utme Unilorin 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's useful life is 5 years and the residual value is ₦20,000, what is the annual depreciation charge if the asset's cost is ₦150,000?

Answer Options

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

About This Question

This is Post Utme Unilorin 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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