Post Utme Redeemers University 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation to depreciate its assets. If the asset has a cost of 10,000 and a useful life of 5 years, what is the annual depreciation expense?

Answer Options

Correct Answer A. 1,000
B. 2,000
C. 3,000
D. 4,000
Correct Answer
A
Correct Option:
1,000

About This Question

This is Post Utme Redeemers University 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Redeemers University Accounting examination.

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