Post Utme Ims U 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's useful life is 5 years and the residual value is ₦0, what is the annual depreciation expense if the asset's cost is ₦500,000?

Answer Options

A. ₦100,000
Correct Answer B. ₦80,000
C. ₦120,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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