Chemical Engineering Plant Economics
Which of the following relationship is not correct is case of a chemical process plant?

Total product cost = manufacturing cost + general expenses
General expenses = administrative expenses + distribution & marketing expenses
Manufacturing cost = direct product cost + fixed charges + plant overhead costs
Total product cost = direct production cost + plant overhead cost

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

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

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