Post Utme Ims U 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company uses the straight-line method of depreciation. The cost of a machine is £ 10,000 and its useful life is 5 years. Calculate the annual depreciation charge.

Answer Options

A. £ 2,000
Correct Answer B. £ 1,667
C. £ 2,500
D. £ 1,000
Correct Answer
B
Correct Option:
£ 1,667

About This Question

This is Post Utme Ims U 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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