Post Utme Eksu 2024 Accounting Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Eksu Accounting examination.

Post Utme Eksu 2024 Accounting Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset's cost is ₦120,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

A. ₦24,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Eksu 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Eksu Accounting examination.

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