Post Utme Redeemers University 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2021 Accounting Objective / Multiple Choice
Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦24,000
B. ₦30,000
C. ₦36,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Redeemers University 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Redeemers University Accounting examination.

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