Post Utme Pan Atlantic University 2020 Accounting Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 6 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. 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. ₦25,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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