Post Utme Ksu 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Ksu Accounting examination.

Post Utme Ksu 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_KSU • 2022 • ACCOUNTING • objective

A public sector organization has a depreciation policy of 10% per annum on its assets. If an asset cost ₦100,000 and has a useful life of 5 years, what is the total depreciation for the first 3 years?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Ksu 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Ksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support