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

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

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

None of these
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

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