Post Utme Esut 2018 Accounting Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company's asset has a cost of ₦100,000 and a useful life of 5 years. What is the annual depreciation expense?

Answer Options

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

About This Question

This is Post Utme Esut 2018 Accounting Question 33. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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