Post Utme Covenant University 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, shows the following: 'Fixed Assets 100,000, Accumulated Depreciation 20,000, Net Book Value 80,000'. What is the company's depreciation rate?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Covenant University 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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