Post Utme Unn 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Unn Accounting examination.

Post Utme Unn 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNN • 2020 • ACCOUNTING • objective

A company has a building with a cost of ₦1,000,000 and a useful life of 10 years. The company uses the straight-line method to depreciate the building. What is the annual depreciation expense for the first year?

Answer Options

Correct Answer A. ₦100,000
B. ₦90,000
C. ₦80,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Unn 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Unn Accounting examination.

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