Post Utme Futa 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A company purchased a machine for £ 30,000. The machine has a useful life of 8 years and a residual value of £ 4,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. £ 3,250
B. £ 3,500
C. £ 3,750
D. £ 4,000
Correct Answer
A
Correct Option:
£ 3,250

About This Question

This is Post Utme Futa 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

View More Post Utme Futa 2025 Accounting Questions More Post Utme Futa Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support