Post Utme Futo 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦10,000
B. ₦12,000
Correct Answer C. ₦15,000
D. ₦18,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Futo 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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