Post Utme Oau 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Oau Accounting examination.

Post Utme Oau 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦25,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦25,000

About This Question

This is Post Utme Oau 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.

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