Post Utme Elizade University 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Elizade University 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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