Post Utme Unn 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company uses the double-declining balance method of depreciation. If the cost of the asset is ₦150,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦30,000
B. ₦25,000
Correct Answer C. ₦22,500
D. ₦20,000
Correct Answer
C
Correct Option:
₦22,500

About This Question

This is Post Utme Unn 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

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