Post Utme Rhema University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the straight-line method to depreciate 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. ₦24,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦24,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

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