Post Utme Unn 2021 Accounting Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Unn Accounting examination.

Post Utme Unn 2021 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNN • 2021 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If the asset's original value is ₦100,000, calculate the depreciation for the first year.

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Unn 2021 Accounting Question 39. It is one of the objective questions from the 2021 Post Utme Unn Accounting examination.

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