Post Utme Uniosun 2020 Accounting Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2020 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNIOSUN • 2020 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If the company's asset has a useful life of 5 years, calculate the annual depreciation charge.

Answer Options

A. ₦ 20,000
B. ₦ 22,000
Correct Answer C. ₦ 24,000
D. ₦ 26,000
Correct Answer
C
Correct Option:
₦ 24,000

About This Question

This is Post Utme Uniosun 2020 Accounting Question 9. It is one of the objective questions from the 2020 Post Utme Uniosun Accounting examination.

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