Post Utme Coal City University 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The following information is given: Cost of asset 10,000, Useful life 5 years, Residual value 2,000 What is the annual depreciation expense?

Answer Options

Correct Answer A. 1,600
B. 1,800
C. 2,000
D. 2,200
Correct Answer
A
Correct Option:
1,600

About This Question

This is Post Utme Coal City University 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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