Post Utme Covenant University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has a building with a cost of ₦5,000,000 and a useful life of 10 years. The company uses the straight-line method of depreciation. Calculate the annual depreciation for the first year.

Answer Options

Correct Answer A. ₦500,000
B. ₦500,000
C. ₦500,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Covenant University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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