Post Utme Afe Babalola University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company purchased a machine for £ 20,000. The machine has a useful life of 8 years and a residual value of £ 4,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦2,000
B. ₦2,400
C. ₦2,800
D. ₦3,200
Correct Answer
A
Correct Option:
₦2,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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