Post Utme Lead City University 2024 Accounting Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 33 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦50,000 with a book value of ₦20,000. What is the amount of depreciation expense for the year?

Answer Options

A. ₦30,000
Correct Answer B. ₦20,000
C. ₦10,000
D. ₦15,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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