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.

5050000
5025000
5000000
5010000

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Engineering Economics
A construction estimate is used

To decide an approximation of the value of the project and not the exact cost
None of these
To produce a statement of the approximate cost
To judge tentatively or approximate value of the project

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