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

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

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Engineering Economics
In a cash flow series:

Either an increase or decrease in the amount of a cash flow is called the gradient
Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period
The gradient in the cash flow may be positive or negative
All of these

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