Post Utme Abu 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Abu Accounting examination.

Post Utme Abu 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_ABU • 2025 • ACCOUNTING • objective

Determine the amount of depreciation for a machine with a cost of ₦250,000, a useful life of 5 years, and a residual value of ₦50,000. The machine is depreciated using the straight-line method.

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Abu 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Abu Accounting examination.

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