The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion.

Engineering Economics
The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion.

5025000

5000000

5010000

5050000

5025000

5000000

5010000

5050000

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Engineering Economics
Probabilistic estimating of a construction project includes:

Labour

Productivity

Wage scale

All of these

Labour

Productivity

Wage scale

All of these

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Engineering Economics
A construction estimate is used

None of these

To judge tentatively or approximate value of the project

To produce a statement of the approximate cost

To decide an approximation of the value of the project and not the exact cost

None of these

To judge tentatively or approximate value of the project

To produce a statement of the approximate cost

To decide an approximation of the value of the project and not the exact cost

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Engineering Economics
In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year?

Sum-of-year digit method

Straight line method

Declining balance method

Sinking fund method

Sum-of-year digit method

Straight line method

Declining balance method

Sinking fund method

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Engineering Economics
The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______.

Dividend

Share of stock

Equity

Return

Dividend

Share of stock

Equity

Return

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Engineering Economics
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method

P 3,279.27

P 3,792.72

P 3,729.27

P 3,927.27

P 3,279.27

P 3,792.72

P 3,729.27

P 3,927.27

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Engineering Economics

Engineering Economics Probabilistic estimating of a construction project includes:

Engineering Economics A construction estimate is used

Engineering Economics In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year?

Engineering Economics The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______.

Engineering Economics An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method

Engineering Economics
Probabilistic estimating of a construction project includes:

Engineering Economics
A construction estimate is used

Engineering Economics
In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year?

Engineering Economics
The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ______.

Engineering Economics
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method