Post Utme Eksu 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is 10,000 and its residual value is 2,000. Calculate the annual depreciation charge for the first year.

Answer Options

Correct Answer A. ₦8,000
B. ₦10,000
C. ₦12,000
D. ₦14,000
Correct Answer
A
Correct Option:
₦8,000

About This Question

This is Post Utme Eksu 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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