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.

$ 5,050,000.00

$ 5,010,000.00

$ 5,000,000.00

$ 5,025,000.00

$ 5,050,000.00

$ 5,010,000.00

$ 5,000,000.00

$ 5,025,000.00

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Engineering Economics
All are classified under direct labor expenses EXCEPT one. Which one?

Supervision cost

Inspection cost

Testing cost

Assembly cost

Supervision cost

Inspection cost

Testing cost

Assembly cost

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Engineering Economics
Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”.

0.1373

0.1332

0.1346

0.1315

0.1373

0.1332

0.1346

0.1315

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Engineering Economics
What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results?

Design depreciation

Functional depreciation

Demand depreciation

Physical depreciation

Design depreciation

Functional depreciation

Demand depreciation

Physical depreciation

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Engineering Economics
In case of bankruptcy of a partnership,

The partners are not liable for the liabilities of the partnership

The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

The partners nay sell stock to generate additional capital

The partners personal assets are attached to the debt of the partnership

The partners are not liable for the liabilities of the partnership

The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities

The partners nay sell stock to generate additional capital

The partners personal assets are attached to the debt of the partnership

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Engineering Economics
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.

Corporation

Partnership

Entrepreneurship

Sole proprietorship

Corporation

Partnership

Entrepreneurship

Sole proprietorship

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Engineering Economics

Engineering Economics All are classified under direct labor expenses EXCEPT one. Which one?

Engineering Economics Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”.

Engineering Economics What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results?

Engineering Economics In case of bankruptcy of a partnership,

Engineering Economics A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.

Engineering Economics
All are classified under direct labor expenses EXCEPT one. Which one?

Engineering Economics
Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”.

Engineering Economics
What type of depreciation is due to the reduction of the physical ability of an equipment or asset to produce results?

Engineering Economics
In case of bankruptcy of a partnership,

Engineering Economics
A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities.