Post Utme Lautech 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. If the cost of an asset is ₦120,000 and its useful life is 5 years, what is the annual depreciation charge?

Answer Options

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

About This Question

This is Post Utme Lautech 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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