Post Utme Ui 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UI • 2024 • ACCOUNTING • objective

A government agency is considering the purchase of a new asset with a cost of £ 75,000. The asset is expected to have a useful life of 10 years and a residual value of £ 10,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. £ 7,000
Correct Answer B. £ 7,500
C. £ 8,000
D. £ 8,500
Correct Answer
B
Correct Option:
£ 7,500

About This Question

This is Post Utme Ui 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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