Engineering Economics
In computing depreciation of an equipment, which of the following represents the first cost?

Installation expenses
All of these
Initial taxes and permit fees
The original purchase price and freight charges

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Engineering Economics
Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller.

50% of the fixed percentage of gross income or the net taxable income
Fixed percentage of gross income or the net taxable income
Fixed percentage of gross income or 50% of the net taxable income
50% of the fixed percentage of gross income or 50% of the net taxable income

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