Post Utme Ksu 2020 Accounting Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Ksu Accounting examination.

Post Utme Ksu 2020 Accounting Objective / Multiple Choice
Question 36 POST_UTME_KSU • 2020 • 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

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦18,000
D. ₦12,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Ksu 2020 Accounting Question 36. It is one of the objective questions from the 2020 Post Utme Ksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support