Post Utme Afe Babalola University 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

Determine the amount of depreciation for a company's asset using the straight-line method, given that the asset's cost is ₦500,000, its useful life is 5 years, and it has been in use for 2 years.

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Afe Babalola University 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Accounting examination.

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