Post Utme Covenant University 2024 Accounting Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2024 Accounting Objective / Multiple Choice
Question 31 POST_UTME_COVENANT_UNIVERSITY • 2024 • ACCOUNTING • objective

A government agency has a budget of ₦5,000,000 for a project. The project requires an initial investment of ₦2,000,000 and a recurring expense of ₦1,000,000 per year for 5 years. What is the total cost of the project?

Answer Options

A. ₦7,500,000
B. ₦8,000,000
Correct Answer C. ₦8,500,000
D. ₦9,000,000
Correct Answer
C
Correct Option:
₦8,500,000

About This Question

This is Post Utme Covenant University 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Covenant University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support