Post Utme Achievers University 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the percentage of completion method of depreciation. The company's asset has a useful life of 10 years and a residual value of ₦20,000. What is the amount of depreciation for the first year?

Answer Options

A. ₦8,000
B. ₦10,000
Correct Answer C. ₦12,000
D. ₦14,000
Correct Answer
C
Correct Option:
₦12,000

About This Question

This is Post Utme Achievers University 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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