Chemical Engineering Plant Economics
Payback period

Is the length of time over which the earnings on a project equals the investment
All of these
And economic life of a project are the same
Is affected by the variation in earnings after the recovery of the investment

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Chemical Engineering Plant Economics
In declining balance method of depreciation calculation, the

None of these
Value of the asset decreases linearly with time
Annual depreciation is the fixed percentage of the property value at the beginning of the particular year
Annual cost of depreciation is same every year

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