Post Utme Aaua 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Aaua Accounting examination.

Post Utme Aaua 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_AAUA • 2019 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The cost of the asset is ₦120,000, and it is expected to last for 5 years. What is the annual depreciation?

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Aaua 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Aaua Accounting examination.

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