Post Utme Nile University 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset has a cost of ₦100,000 and a useful life of 5 years, what is the annual depreciation expense?

Answer Options

A. ₦20,000
Correct Answer B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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