Post Utme Osustech 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Osustech Accounting examination.

Post Utme Osustech 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_OSUSTECH • 2018 • ACCOUNTING • objective

A government agency has a fixed asset with a cost of ₦200,000 and a useful life of 5 years. The asset is depreciated using the straight-line method. What is the annual depreciation charge?

Answer Options

A. ₦20,000
Correct Answer B. ₦40,000
C. ₦60,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Osustech 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Osustech Accounting examination.

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