Post Utme Rsu 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Rsu Accounting examination.

Post Utme Rsu 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_RSU • 2019 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The company's asset has a cost of ₦100,000, a residual value of ₦20,000, and an estimated useful life of 5 years. Calculate the annual depreciation expense.

Answer Options

A. ₦15,000
B. ₦18,000
Correct Answer C. ₦20,000
D. ₦22,000
Correct Answer
C
Correct Option:
₦20,000

About This Question

This is Post Utme Rsu 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Rsu Accounting examination.

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