Post Utme Igbinedion University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The following data is available for the year ended December 31, 2022: Cost of asset: ₦500,000 Estimated useful life: 5 years Salvage value: ₦50,000 What is the annual depreciation expense?

Answer Options

Correct Answer A. ₦90,000
B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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