Post Utme Noun 2025 Accounting Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Noun Accounting examination.

Post Utme Noun 2025 Accounting Objective / Multiple Choice
Question 40 POST_UTME_NOUN • 2025 • ACCOUNTING • objective

A company uses the straight-line method of depreciation for its assets. If the asset cost ₦1,200,000 and has a residual value of ₦200,000, what is the annual depreciation expense for the first year?

Answer Options

Correct Answer A. ₦400,000
B. ₦500,000
C. ₦600,000
D. ₦800,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Noun 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Noun Accounting examination.

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