Post Utme Ksu 2024 Accounting Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Ksu Accounting examination.

Post Utme Ksu 2024 Accounting Objective / Multiple Choice
Question 7 POST_UTME_KSU • 2024 • 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?

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Ksu 2024 Accounting Question 7. It is one of the objective questions from the 2024 Post Utme Ksu Accounting examination.

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