Engineering Economics
In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset?

Sinking fund method
Straight line method
Sum-of-year digit method
Declining balance method

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

Compound interest is paid on all amounts in the annuity.
The amounts of all payments are equal.
The first payment is made at the beginning of the first period.
The payments are made at equal interval of time.

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