Post Utme Abu 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is ₦120,000 and its useful life is 5 years. Calculate the annual depreciation charge.

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦22,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Abu 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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