Post Utme Oau 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Oau Accounting examination.

Post Utme Oau 2019 Accounting Objective / Multiple Choice
Question 1 POST_UTME_OAU • 2019 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Oau 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Oau Accounting examination.

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