Post Utme Ims U 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Ims U Accounting examination.

Post Utme Ims U 2017 Accounting Objective / Multiple Choice

Question 18 POST_UTME_IMS_U • 2017 • ACCOUNTING • objective

SHARED STIMULUS

                            The asset's residual value is ₦10,000.

                        

A company uses the straight-line method of depreciation. The asset's cost is ₦100,000, and its useful life is 5 years. What is the annual depreciation expense?

Answer Options

A. ₦20,000

B. ₦25,000

Correct Answer C. ₦30,000

D. ₦35,000

Correct Answer

Correct Option:

₦30,000

About This Question

This is Post Utme Ims U 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.

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