Post Utme Covenant University 2021 Accounting Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 36 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the asset's useful life is 5 years and the residual value is ₦0, calculate the annual depreciation charge for an asset costing ₦1,200,000.

Answer Options

Correct Answer A. ₦240,000
B. ₦240,000
C. ₦240,000
D. ₦240,000
Correct Answer
A
Correct Option:
₦240,000

About This Question

This is Post Utme Covenant University 2021 Accounting Question 36. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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