Post Utme Nile University 2017 Accounting Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Nile University Accounting examination.

Post Utme Nile University 2017 Accounting Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset cost ₦120,000 and has a useful life of 5 years. If the asset is depreciated by 10% per year, what is the annual depreciation?

Answer Options

Correct Answer A. ₦2,400
B. ₦2,000
C. ₦1,800
D. ₦1,600
Correct Answer
A
Correct Option:
₦2,400

About This Question

This is Post Utme Nile University 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Nile University Accounting examination.

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