Post Utme Aaua 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Aaua Accounting examination.

Post Utme Aaua 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_AAUA • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of an asset is ₦150,000 and its useful life is 5 years. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦30,000
B. ₦25,000
C. ₦20,000
D. ₦15,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Aaua 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.

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