Post Utme Esut 2018 Commerce Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Esut Commerce examination.

Post Utme Esut 2018 Commerce Objective / Multiple Choice
Question 5 POST_UTME_ESUT • 2018 • COMMERCE • objective

A sole trader is considering the purchase of a new business premises. The premises has a purchase price of ₦2,000,000 and an annual rent of ₦200,000. If the sole trader expects to use the premises for 10 years, what is the total cost of ownership?

Answer Options

A. ₦4,000,000
B. ₦4,200,000
C. ₦4,400,000
Correct Answer D. ₦4,600,000
Correct Answer
D
Correct Option:
₦4,600,000

About This Question

This is Post Utme Esut 2018 Commerce Question 5. It is one of the objective questions from the 2018 Post Utme Esut Commerce examination.

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