Engineering Economics
Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ______ whichever is smaller.

Fixed percentage of gross income or 50% of the net taxable income
Fixed percentage of gross income or the net taxable income
50% of the fixed percentage of gross income or the net taxable income
50% of the fixed percentage of gross income or 50% of the net taxable income

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Engineering Economics
Liquidity ratios are used:

To obtain much insight into the present cash solvency of the firm and the firm
To compare short term obligations to short-term resources available to meet these obligations
To measure a firm’s ability to meet short-cut obligations
All of these

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