Post Utme Covenant University 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's accounting policy is to depreciate its assets using the straight-line method. The company's assets are valued at ₦100,000 at the beginning of the year and ₦75,000 at the end of the year. What is the total amount of depreciation recorded during the year?

Answer Options

A. ₦25,000
B. ₦50,000
Correct Answer C. ₦75,000
D. ₦100,000
Correct Answer
C
Correct Option:
₦75,000

About This Question

This is Post Utme Covenant University 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

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