Post Utme Skyline University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Skyline University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

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