Post Utme Futo 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset cost ₦50,000 and has a useful life of 5 years, what is the annual depreciation?

Answer Options

A. ₦10,000
Correct Answer B. ₦8,333
C. ₦6,667
D. ₦5,000
Correct Answer
B
Correct Option:
₦8,333

About This Question

This is Post Utme Futo 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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