Post Utme Unn 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Unn Accounting examination.

Post Utme Unn 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNN • 2020 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset has a useful life of 5 years and a residual value of ₦5,000, what is the total depreciation charge for the 5-year period if the asset cost ₦100,000?

Answer Options

A. ₦45,000
B. ₦50,000
Correct Answer C. ₦55,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦55,000

About This Question

This is Post Utme Unn 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Unn Accounting examination.

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