Chemical Engineering Plant Economics
Payback period

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

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

Annual cost of depreciation is same every year
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
None of these

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