## Chemical Engineering Plant Economics Generally, income taxes are based on the

Total product cost
Gross earning
Total income
Fixed cost

Property
Excise
Income
Capital gain

## Chemical Engineering Plant Economics In financial accounting of a chemical plant, which of the following relationship is invalid?

Assets = capital
Assets = equities
Total income = costs + profits
Assets = liabilities + net worth

## 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
Initial cost
Difference between initial cost and salvage value

## Chemical Engineering Plant Economics For a given fluid, as the pipe diameter increases, the pumping cost

May increase or decrease, depending upon whether the fluid is Newtonian or non-Newtonian
Decreases
Increases
Remains the same

## Chemical Engineering Plant Economics If an amount R is paid at the end of every year for 'n' years, then the net present value of the annuity at an interest rate of i is

R/(1 + i)n
[((1 + i)n - 1)/i(1 + i)n]
R[((1 + i)n - 1)/i]
R(1 + i)n