Post Utme Summit University 2025 Accounting Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice

Question 18 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦250,000 and has a useful life of 5 years, using the straight-line method, assuming a residual value of ₦50,000.

Answer Options

A. ₦40,000

Correct Answer B. ₦45,000

C. ₦50,000

D. ₦55,000

Correct Answer

Correct Option:

₦45,000

About This Question

This is Post Utme Summit University 2025 Accounting Question 18. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

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