Post Utme Uniport 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company purchased a building for ₦2,000,000. The building has a useful life of 10 years and a residual value of ₦200,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦180,000
B. ₦182,000
Correct Answer C. ₦185,000
D. ₦188,000
Correct Answer
C
Correct Option:
₦185,000

About This Question

This is Post Utme Uniport 2024 Accounting Question 39. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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