Post Utme Uniosun 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset has a cost of ₦10,000 and a useful life of 5 years. What is the annual depreciation charge?

Answer Options

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

About This Question

This is Post Utme Uniosun 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Uniosun Accounting examination.

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