Chemical Engineering Plant Economics
A balance sheet for an industrial concern shows

The financial condition at any given time
Only current assets
Only fixed assets
Only current and fixed assets

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Chemical Engineering Plant Economics
The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the

Difference between initial cost and salvage value
Depreciation during the (n - 1)th year
Initial cost
Book value at the end of (n - 1)th year

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