Post Utme Al Hikmah University 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. The asset has a cost of ₦200,000 and an estimated useful life of 5 years. What is the annual depreciation expense?

Answer Options

Correct Answer A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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