Post Utme Igbinedion University 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has a building that was purchased for ₦1,000,000. The building has a useful life of 10 years and a residual value of ₦100,000. What is the annual depreciation expense for the first year?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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