Post Utme Christopher University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and sells it after 5 years for ₦750,000. Calculate the annual depreciation of the machine using the straight-line method.

Answer Options

A. ₦25,000
Correct Answer B. ₦30,000
C. ₦35,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Christopher University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Christopher University Accounting examination.

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