Post Utme Wellspring University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the double-declining balance method to depreciate its assets. If the asset's cost is ₦200,000 and its useful life is 10 years, what is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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