Post Utme Skyline University 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_SKYLINE_UNIVERSITY • 2019 • 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

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

About This Question

This is Post Utme Skyline University 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Skyline University Accounting examination.

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