Post Utme Uniport 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Uniport Accounting examination.

Post Utme Uniport 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_UNIPORT • 2021 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦100,000. If the asset is depreciated by 10% each year, what is the amount of depreciation for the first year?

Answer Options

Correct Answer A. ₦10,000
B. ₦8,000
C. ₦12,000
D. ₦15,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Uniport 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.

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