Post Utme Uniport 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Uniport Accounting examination.

Post Utme Uniport 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNIPORT • 2017 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Uniport 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.

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