Post Utme Ims U 2025 Accounting Question 17

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

Post Utme Ims U 2025 Accounting Objective / Multiple Choice
Question 17 POST_UTME_IMS_U • 2025 • ACCOUNTING • objective

A company purchased a machine for ₦500,000 and sold it after 5 years for ₦750,000. The machine depreciated at a rate of 10% per annum. Calculate the annual depreciation and the total depreciation over the 5-year period.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

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

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