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

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

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Engineering Economics
Using factor method, the depletion at any given year is equal to:

Initial cost of property divided by the total units in property
Initial cost of property times number of units sold during the year
Initial cost of property divided by the number of units sold during the year
Initial cost of property times number of unit sold during the year divided by the total units in property

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