Post Utme Achievers University 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of the asset is ₦200,000, and its useful life is 5 years. What is the annual depreciation charge?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Achievers University 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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