Post Utme Ui 2023 Accounting Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Ui Accounting examination.

Post Utme Ui 2023 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UI • 2023 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦100,000 with a carrying value of ₦80,000. What is the amount of depreciation for the year?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Ui 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Ui Accounting examination.

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