Post Utme Redeemers University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If the asset cost ₦100,000 and has a useful life of 5 years, what is the annual depreciation?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 8. 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