Post Utme Bowen University 2025 Commerce Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2025 Commerce Objective / Multiple Choice
Question 20 POST_UTME_BOWEN_UNIVERSITY • 2025 • COMMERCE • objective

A company is considering the purchase of a new machine that will cost ₦1,000,000. The machine is expected to last for 10 years and will save the company ₦100,000 per year in labor costs. What is the payback period of the machine?

Answer Options

A. 5 years
Correct Answer B. 6 years
C. 7 years
D. 8 years
Correct Answer
B
Correct Option:
6 years

About This Question

This is Post Utme Bowen University 2025 Commerce Question 20. It is one of the objective questions from the 2025 Post Utme Bowen University Commerce examination.

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