Post Utme Lautech 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

A company uses the double-declining balance method to depreciate its assets. The company's asset has a cost of ₦120,000 and a useful life of 5 years. What is the annual depreciation charge?

Answer Options

A. ₦24,000
B. ₦30,000
Correct Answer C. ₦36,000
D. ₦42,000
Correct Answer
C
Correct Option:
₦36,000

About This Question

This is Post Utme Lautech 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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