Post Utme Esut 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Esut 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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