Post Utme Abu 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_ABU • 2025 • ACCOUNTING • objective

A company uses the double-declining balance method of depreciation. If the cost of the asset is ₦120,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦24,000
B. ₦28,000
Correct Answer C. ₦32,000
D. ₦36,000
Correct Answer
C
Correct Option:
₦32,000

About This Question

This is Post Utme Abu 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Abu Accounting examination.

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