Post Utme Nile University 2022 Accounting Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 4 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following assets: Building: ₦500,000 Machinery: ₦300,000 Furniture: ₦100,000 The company depreciates its assets using the straight-line method. Calculate the amount of depreciation for the year.

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 4. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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