Post Utme Lead City University 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Lead City University 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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