Post Utme Ims U 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Ims U Accounting examination.

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset has a cost of ₦200,000, and it is expected to last for 5 years. What is the annual depreciation?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Ims U 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Ims U Accounting examination.

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