Post Utme Futa 2025 Accounting Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A company purchased a machine for £ 20,000. The machine has a useful life of 5 years and a residual value of £ 2,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. £ 3,600
B. £ 4,000
C. £ 4,200
D. £ 4,800
Correct Answer
A
Correct Option:
£ 3,600

About This Question

This is Post Utme Futa 2025 Accounting Question 17. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

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