Post Utme Redeemers University 2025 Commerce Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2025 Commerce Objective / Multiple Choice
Question 17 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader is considering the purchase of a new piece of equipment for their business. The equipment costs ₦150,000 and is expected to last for 5 years. What is the annual depreciation of the equipment using the straight-line method?

Answer Options

A. ₦30,000
Correct Answer B. ₦25,000
C. ₦20,000
D. ₦15,000
Correct Answer
B
Correct Option:
₦25,000

About This Question

This is Post Utme Redeemers University 2025 Commerce Question 17. It is one of the objective questions from the 2025 Post Utme Redeemers University Commerce examination.

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