Post Utme Lasu 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company purchased a machine for £ 80,000. It is expected to have a useful life of 5 years and a residual value of £ 10,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. £ 14,000
B. £ 15,000
Correct Answer C. £ 16,000
D. £ 17,000
Correct Answer
C
Correct Option:
£ 16,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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