Post Utme Bells University 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. The asset was purchased on January 1, 2018, for ₦120,000 and has a useful life of 5 years. Calculate the annual depreciation for the year ended December 31, 2018.

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦16,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Bells University 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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