Post Utme Coal City University 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's useful life is 5 years and its residual value is ₦0, what is the annual depreciation charge if the asset's cost is ₦120,000?

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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