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
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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