Post Utme Skyline University 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company purchased a machine for £ 10,000. The machine is expected to have a useful life of 5 years and a residual value of £ 1,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. £ 1,800
B. £ 1,900
C. £ 2,000
D. £ 2,100
Correct Answer
A
Correct Option:
£ 1,800

About This Question

This is Post Utme Skyline University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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