Post Utme Redeemers University 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 30 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The company has a building with a cost of ₦1,000,000 and an estimated useful life of 20 years. Calculate the annual depreciation expense.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Redeemers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support