Post Utme Delsu 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Delsu Accounting examination.

Post Utme Delsu 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_DELSU • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of the asset is ₦120,000 and its residual value is ₦20,000, what is the annual depreciation charge?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦80,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Delsu 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Delsu Accounting examination.

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