Post Utme Covenant University 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_COVENANT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a depreciation policy of 10% per annum on its assets. If the asset value is ₦100,000, what is the depreciation expense for the first year?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Covenant University 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Covenant University Accounting examination.

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