Post Utme Lautech 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦50,000 with a carrying value of ₦30,000. What is the amount of depreciation charged on this asset?

Answer Options

Correct Answer A. ₦20,000
B. ₦15,000
C. ₦10,000
D. ₦5,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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