Post Utme Uniosun 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_UNIOSUN • 2018 • ACCOUNTING • objective

A company's assets include a building with a cost of ₦500,000 and a useful life of 10 years. The company uses the straight-line method of depreciation. What is the annual depreciation charge?

Answer Options

A. ₦50,000
Correct Answer B. ₦40,000
C. ₦30,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Uniosun 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Uniosun Accounting examination.

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