Post Utme Lead City University 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's useful life is 5 years and its cost is ₦100,000, what is the annual depreciation expense?

Answer Options

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

About This Question

This is Post Utme Lead City University 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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