Post Utme Unilorin 2017 Accounting Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

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

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 38. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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