Post Utme Al Hikmah University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the straight-line 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

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦12,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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