Post Utme Rsu 2019 Commerce Question 10
Practice objective / multiple choice question 10 from the 2019 Post Utme Rsu Commerce examination.
A sole trader is considering the purchase of a new piece of equipment for his business. The equipment costs ₦200,000 and will last for 5 years. The sole trader expects to use the equipment for 8 hours a day, 5 days a week. The equipment will save him ₦500 per day in labor costs. What is the accounting rate of return (ARR) of the equipment?
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About This Question
This is Post Utme Rsu 2019 Commerce Question 10. It is one of the objective questions from the 2019 Post Utme Rsu Commerce examination.
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