Post Utme Madonna University 2025 Accounting Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2025 Accounting Objective / Multiple Choice

Question 13 POST_UTME_MADONNA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company purchases a machine for ₦200,000. The machine has a useful life of 5 years and a residual value of ₦20,000. Calculate the annual depreciation using the straight-line method.

Answer Options

Correct Answer A. ₦36,000

B. ₦40,000

C. ₦38,000

D. ₦42,000

Correct Answer

Correct Option:

₦36,000

About This Question

This is Post Utme Madonna University 2025 Accounting Question 13. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.

View More Post Utme Madonna University 2025 Accounting Questions More Post Utme Madonna University 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