Post Utme Aaua 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the cost of the asset is ₦120,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦16,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Aaua 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

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