Post Utme Abu 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's cost is ₦50,000 and its useful life is 5 years, what is the annual depreciation?

Answer Options

A. ₦10,000
Correct Answer B. ₦5,000
C. ₦12,500
D. ₦20,000
Correct Answer
B
Correct Option:
₦5,000

About This Question

This is Post Utme Abu 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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