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

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

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