Post Utme Ui 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company purchases a building for ₦3,000,000 and depreciates it by 5% per annum. If the company uses the straight-line method of depreciation, calculate the amount of depreciation for the first year.

Answer Options

Correct Answer A. ₦150,000
B. ₦120,000
C. ₦100,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Ui 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

View More Post Utme Ui 2019 Accounting Questions More Post Utme Ui Practice Questions Back to Questions

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