Post Utme Caleb University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_CALEB_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. 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. ₦16,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Caleb University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Caleb University Accounting examination.

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