Chemical Engineering Plant Economics
Expenditure on research and development (R & D) is categorised as the __________ , while making an estimate of the total product cost for a chemical plant.

Fixed expenses
Direct production cost
General expenses
Overhead cost

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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

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

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