Post Utme Futa 2022 Commerce Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Futa Commerce examination.

Post Utme Futa 2022 Commerce Objective / Multiple Choice
Question 14 POST_UTME_FUTA • 2022 • COMMERCE • objective

A company is considering the purchase of a new piece of equipment. The equipment will cost ₦1,000,000 and will have a useful life of 5 years. What is the annual depreciation expense on the equipment?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Futa 2022 Commerce Question 14. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.

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