Post Utme Igbinedion University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If the asset cost ₦100,000 and has a useful life of 5 years, calculate the annual depreciation.

Answer Options

Correct Answer A. ₦10,000
B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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