Post Utme Joseph Ayo Babalola University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A public sector organization has a capital expenditure of ₦1,500,000 for the year. The organization has a depreciation policy of 10% per annum on its assets. Calculate the amount of depreciation for the year.

Answer Options

Correct Answer A. ₦150,000
B. ₦1,500,000
C. ₦1,000,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

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