Post Utme Uniport 2025 Accounting Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Uniport Accounting examination.

Post Utme Uniport 2025 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNIPORT • 2025 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset has a useful life of 5 years and a residual value of ₦50,000, calculate the annual depreciation charge if the asset cost ₦300,000.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦55,000
D. ₦65,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Uniport 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Uniport Accounting examination.

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