Chemical Engineering Plant Economics
Pick out the correct statement.

Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to dat
Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment
Difference between income and expense is termed as gross revenue
Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale

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Chemical Engineering Plant Economics
The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the

Book value at the end of (n - 1)th year
Difference between initial cost and salvage value
Initial cost
Depreciation during the (n - 1)th year

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