Post Utme Noun 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company's assets are valued as follows: Land ₦500,000, Building ₦1,000,000, and Machinery ₦800,000. The company uses the straight-line method of depreciation. What is the annual depreciation for the building?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Noun 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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