Post Utme Rhema University 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset has a useful life of 5 years and a cost of ₦500,000, what is the annual depreciation expense?

Answer Options

A. ₦100,000
Correct Answer B. ₦125,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦125,000

About This Question

This is Post Utme Rhema University 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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