Post Utme Al Hikmah University 2024 Accounting Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2024 Accounting Objective / Multiple Choice
Question 40 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦150,000 with a carrying value of ₦120,000. What is the amount of depreciation expense that should be recorded for the year?

Answer Options

Correct Answer A. ₦30,000
B. ₦20,000
C. ₦10,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Al Hikmah University 2024 Accounting Question 40. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.

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