Post Utme Bells University 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's cost is ₦100,000 and its residual value is ₦20,000, calculate the annual depreciation expense.

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Bells University 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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