Post Utme Uniosun 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_UNIOSUN • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's cost is ₦100,000 and its residual value is ₦20,000, what is the annual depreciation expense?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Uniosun 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.

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