Post Utme Uniosun 2017 Accounting Question 38

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

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

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

Answer Options

A. ₦20,000
B. ₦25,000
Correct Answer C. ₦30,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

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

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