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
7 eyars
9 years
8 years

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
A construction estimate is used

To judge tentatively or approximate value of the project
To decide an approximation of the value of the project and not the exact cost
To produce a statement of the approximate cost
None of these

ANSWER DOWNLOAD EXAMIANS APP

Engineering Economics
It is the practice of almost all banks in the Philippines that when they grant a loan, the interest for one year is automatically deducted from the principal amount upon release of money to a borrower. Let us therefore assume that you applied for a loan with a bank and the P80,000 was approved at an interest rate of 14% of which P11,200 was deducted and you were given a check of P68,800. Since you have to pay the amount of P80,000 one year after, what then will be the effective interest rate?

16.28 %
16.02 %
16.32 %
16.47 %

ANSWER DOWNLOAD EXAMIANS APP
MORE MCQ ON Engineering Economics