Post Utme Pan Atlantic University 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset cost ₦200,000 and has a useful life of 5 years. Calculate the annual depreciation.

Answer Options

Correct Answer A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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