Post Utme Uniosun 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UNIOSUN • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of the asset is ₦100,000 and its residual value is ₦20,000, calculate the annual depreciation charge.

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Uniosun 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Uniosun Accounting examination.

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