Post Utme Delsu 2020 Commerce Question 38
Practice objective / multiple choice question 38 from the 2020 Post Utme Delsu Commerce examination.
A sole trader is considering the purchase of a new piece of equipment for their business. The equipment will cost ₦500,000 and is expected to last for 5 years. The sole trader expects to earn an annual profit of ₦100,000 from the use of the equipment. What is the payback period of the equipment?
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About This Question
This is Post Utme Delsu 2020 Commerce Question 38. It is one of the objective questions from the 2020 Post Utme Delsu Commerce examination.
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