Post Utme Esut 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ESUT • 2024 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset has a cost of ₦200,000 and a useful life of 5 years. What is the annual depreciation?

Answer Options

A. ₦40,000
Correct Answer B. ₦42,857
C. ₦45,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦42,857

About This Question

This is Post Utme Esut 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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