Post Utme Eksu 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Eksu Accounting examination.

Post Utme Eksu 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_EKSU • 2021 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of the asset is ₦120,000 and its useful life is 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 Eksu 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Eksu Accounting examination.

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