Post Utme Osustech 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Osustech Accounting examination.

Post Utme Osustech 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_OSUSTECH • 2019 • ACCOUNTING • objective

A company has a depreciation rate of 10% per annum on its assets. If the asset value is ₦100,000, what is the depreciation for the first year?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Osustech 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Osustech Accounting examination.

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