Post Utme Futo 2023 Commerce Question 24
Practice objective / multiple choice question 24 from the 2023 Post Utme Futo Commerce examination.
A company's sole trader is considering the purchase of a new vehicle for business use. The vehicle costs ₦5,000,000 and has an expected lifespan of 5 years. The company's accountant estimates that the vehicle will depreciate by 20% each year. What is the total depreciation of the vehicle over its lifespan?
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About This Question
This is Post Utme Futo 2023 Commerce Question 24. It is one of the objective questions from the 2023 Post Utme Futo Commerce examination.
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