Post Utme Lautech 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Lautech Accounting examination.

Post Utme Lautech 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_LAUTECH • 2022 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's cost is ₦10000 and its useful life is 5 years, what is the annual depreciation?

Answer Options

A. ₡20000
Correct Answer B. ₡25000
C. ₡30000
D. ₡35000
Correct Answer
B
Correct Option:
₡25000

About This Question

This is Post Utme Lautech 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Lautech Accounting examination.

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