Post Utme Ims U 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The cost of the asset is ₦100,000, and it has a useful life of 10 years. If the asset is sold after 5 years, what is the amount of depreciation that should be recorded?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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