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.

$ 5,000,000.00
$ 5,050,000.00
$ 5,010,000.00
$ 5,025,000.00

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Engineering Economics
In a cash-flow diagram:

Time 1 is considered to be the end of time period 1
All of these
A vertical arrow pointing up indicates a positive cash flow
Time 0 is considered to be the present

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