Post Utme Skyline University 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's balance sheet shows a decrease in the 'Equipment' account from ₦100,000 to ₦80,000. What is the corresponding decrease in the 'Depreciation Expense' account?

Answer Options

Correct Answer A. ₦5,000
B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦5,000

About This Question

This is Post Utme Skyline University 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Skyline 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