Post Utme Unilorin 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNILORIN • 2022 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦100,000
B. ₦80,000
C. ₦60,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Unilorin 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.

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