Post Utme Ui 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UI • 2024 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset has a cost of ₦100,000 and a useful life of 5 years. Calculate the annual depreciation.

Answer Options

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

About This Question

This is Post Utme Ui 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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