Engineering Economics
Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%.

P 9,308.45
P 9,228.45
P 9,358.41
P 9,250.00

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Engineering Economics
Which is true about corporation?

The minimum number of incorporators to start a corporation is three.
The stock holders of the corporation are only liable to the extent of their investments.
Its life is dependent on the lives of the incorporators.
It is worse type of business organization.

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Engineering Economics
Which one of the following definitions is correct?

The ratio debt-to-total assets is called Debt-to-total assets ratio
The ratio of total debt to share holder's equity is called 'debt ratio'
All of these
The ratio of earnings before interest and taxes for a particular reporting period to the amount of interest charges for the period is called interest coverage ratio

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