Post Utme Lautech 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A company's accounting policy requires that depreciation be calculated using the straight-line method. The company purchased a machine for ₦120,000 and it is expected to have a useful life of 5 years. Calculate the annual depreciation charge.

Answer Options

Correct Answer A. ₦24,000
B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Lautech 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

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