Post Utme Madonna University 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_MADONNA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's depreciation policy is based on the straight-line method. The cost of the asset is ₦100,000, and the useful life is 5 years. Calculate the annual depreciation.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Madonna University 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support