Post Utme Ksu 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Ksu Accounting examination.

Post Utme Ksu 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_KSU • 2021 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's useful life is 5 years and its residual value is ₦0, what is the annual depreciation expense if the asset's cost is ₦120,000?

Answer Options

A. ₦24,000
B. ₦25,000
Correct Answer C. ₦26,000
D. ₦27,000
Correct Answer
C
Correct Option:
₦26,000

About This Question

This is Post Utme Ksu 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Ksu Accounting examination.

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