Post Utme Ui 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Ui Accounting examination.

Post Utme Ui 2025 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UI • 2025 • ACCOUNTING • objective

A company purchased a machine for ₦2,500,000 on January 1, 2020. The machine has a useful life of 5 years and a residual value of ₦200,000. Calculate the annual depreciation using the straight-line method.

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦450,000
D. ₦550,000
Correct Answer
C
Correct Option:
₦450,000

About This Question

This is Post Utme Ui 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Ui Accounting examination.

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