Post Utme Lautech 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A public sector organization has a fixed asset with a cost of ₦500,000 and an estimated useful life of 5 years. The asset is depreciated using the straight-line method. What is the annual depreciation charge?

Answer Options

Correct Answer A. ₦100,000
B. ₦80,000
C. ₦120,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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