Chemical Engineering Plant Economics
In declining balance method of depreciation calculation, the

Annual cost of depreciation is same every year
Value of the asset decreases linearly with time
Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
None of these

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Chemical Engineering Plant Economics
Pick out the correct statement.

Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to dat
Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale
Difference between income and expense is termed as gross revenue
Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment

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