Post Utme Eksu 2017 Accounting Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Eksu Accounting examination.

Post Utme Eksu 2017 Accounting Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 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 expense if the asset's cost is ₦120,000?

Answer Options

Correct Answer A. ₦24,000
B. ₦30,000
C. ₦36,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Eksu 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Eksu Accounting examination.

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