Post Utme Wellspring University 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 1 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A company is considering the adoption of a new accounting system. The new system will cost ₦1,500,000 and will save the company ₦300,000 per year. If the company expects to operate for 5 years, what is the net present value of the new system?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,500,000
C. ₦1,800,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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