Post Utme Summit University 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. 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 Summit University 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

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