Post Utme Futa 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset cost ₦120,000 and has a useful life of 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 Futa 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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