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

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

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Engineering Economics
Which is true about partnership?

It will be dissolved if one of the partners ceases to be connected with the partnership.
It can be handed down from one generation of partners to another.
Its capitalization must be equal for each partner.
It has a perpetual life.

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