Post Utme Lautech 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the company's asset has a useful life of 5 years and a residual value of ₦10,000, what is the annual depreciation charge?

Answer Options

A. ₦18,000
Correct Answer B. ₦20,000
C. ₦22,000
D. ₦24,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support