Post Utme Abu 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Abu Accounting examination.

Post Utme Abu 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ABU • 2017 • ACCOUNTING • objective

A company purchases a machine for ¡ 80,000. The machine is expected to have a useful life of 5 years and a residual value of ¡ 10,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ¡ 14,000
Correct Answer B. ¡ 15,000
C. ¡ 16,000
D. ¡ 17,000
Correct Answer
B
Correct Option:
¡ 15,000

About This Question

This is Post Utme Abu 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.

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