Waec Model Questions Vol1 2025 Financial Accounting Question 49

Practice objective / multiple choice question 49 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 49 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A vehicle purchased for ₦120,000 has a useful life of 5 years and a residual value of ₦20,000. Using the straight-line method, what is the annual depreciation expense?

Answer Options

A. ₦25,000
B. ₦15,000
C. ₦30,000
Correct Answer D. ₦20,000
Correct Answer
D
Correct Option:
₦20,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 49. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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