Post Utme Abu 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of the asset is 10,000 and its useful life is 5 years. What is the annual depreciation expense?

Answer Options

A. 2,000
Correct Answer B. 2,500
C. 3,000
D. 3,500
Correct Answer
B
Correct Option:
2,500

About This Question

This is Post Utme Abu 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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