Post Utme Delsu 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Delsu Accounting examination.

Post Utme Delsu 2021 Accounting Objective / Multiple Choice
Question 1 POST_UTME_DELSU • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's original cost is ₦120,000, its residual value is ₦20,000, and it is used for 5 years, what is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Delsu 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Delsu Accounting examination.

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