Post Utme Bowen University 2022 Accounting Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 27 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A company purchases a machine for 10,000. The machine has an expected useful life of 5 years and a residual value of 2,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. 2,000
Correct Answer B. 2,500
C. 3,000
D. 3,500
Correct Answer
B
Correct Option:
2,500

About This Question

This is Post Utme Bowen University 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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