Post Utme Rhema University 2019 Accounting Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 9 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's cost is ₦50,000 and its useful life is 5 years, what is the annual depreciation?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,500
C. ₦15,000
D. ₦17,500
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Rhema University 2019 Accounting Question 9. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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