Post Utme Unilorin 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNILORIN • 2020 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's cost is \pm 10,000 and its useful life is 5 years, what is the annual depreciation expense?

Answer Options

A. \pm 2,000
Correct Answer B. \pm 1,667
C. \pm 1,500
D. \pm 1,000
Correct Answer
B
Correct Option:
\pm 1,667

About This Question

This is Post Utme Unilorin 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Unilorin Accounting examination.

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