Post Utme Futo 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Futo Accounting examination.

Post Utme Futo 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTO • 2018 • ACCOUNTING • objective

A company's assets are depreciated using the straight-line method. The asset's original value is ₦100,000, and it is expected to last for 5 years. What is the annual depreciation charge?

Answer Options

A. ₦20,000
B. ₦15,000
C. ₦10,000
Correct Answer D. ₦5,000
Correct Answer
D
Correct Option:
₦5,000

About This Question

This is Post Utme Futo 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.

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