Post Utme Ksu 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Ksu Accounting examination.

Post Utme Ksu 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_KSU • 2023 • 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. ₦ 1,600
B. ₦ 1,800
C. ₦ 2,000
D. ₦ 2,400
Correct Answer
A
Correct Option:
₦ 1,600

About This Question

This is Post Utme Ksu 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Ksu Accounting examination.

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