Post Utme Elizade University 2020 Accounting Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2020 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. Annual depreciation = £1,800
B. Annual depreciation = £1,600
C. Annual depreciation = £1,400
D. Annual depreciation = £1,200
Correct Answer
A
Correct Option:
Annual depreciation = £1,800

About This Question

This is Post Utme Elizade University 2020 Accounting Question 37. It is one of the objective questions from the 2020 Post Utme Elizade University Accounting examination.

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