Post Utme Ksu 2024 Accounting Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Ksu Accounting examination.

Post Utme Ksu 2024 Accounting Objective / Multiple Choice
Question 25 POST_UTME_KSU • 2024 • ACCOUNTING • objective

A company's assets are depreciated using the straight-line method. What is the formula for calculating depreciation?

Answer Options

Correct Answer A. Depreciation = (Cost - Residual Value) / Useful Life
B. Depreciation = (Cost - Residual Value) / Number of Years
C. Depreciation = (Cost - Residual Value) / Useful Life x Number of Years
D. Depreciation = (Cost - Residual Value) / Number of Years x Useful Life
Correct Answer
A
Correct Option:
Depreciation = (Cost - Residual Value) / Useful Life

About This Question

This is Post Utme Ksu 2024 Accounting Question 25. It is one of the objective questions from the 2024 Post Utme Ksu Accounting examination.

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