Engineering Economics
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.

10 years
9 years
8 years
7 eyars

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Engineering Economics
Current ratio is:

Current assets/Current liabilities
(Current assets + loans)/Current liabilities
None of these
(Current assets + loans advances)/Current liabilities

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