Post Utme Futa 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The asset cost 10,000 and has a useful life of 5 years. What is the annual depreciation expense?

Answer Options

Correct Answer A. 2,000
B. 2,500
C. 3,000
D. 3,500
Correct Answer
A
Correct Option:
2,000

About This Question

This is Post Utme Futa 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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