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

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 the net taxable income

Fixed percentage of gross income or 50% of 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

Fixed percentage of gross income or the net taxable income

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

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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

Time 0 is considered to be the present

A vertical arrow pointing up indicates a positive cash flow

Time 1 is considered to be the end of time period 1

All of these

Time 0 is considered to be the present

A vertical arrow pointing up indicates a positive cash flow

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Engineering Economics
Salvage value is sometimes known as ______.

Second-hand value

Going value

Scrap value

Junk value

Second-hand value

Going value

Scrap value

Junk value

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Engineering Economics
What is the basic accounting equation?

Owner’s equity = liability – assets

Owner’s equity = assets + liability

Assets = liability + owner’s equity

Liability = assets + owners’ equity

Owner’s equity = liability – assets

Owner’s equity = assets + liability

Assets = liability + owner’s equity

Liability = assets + owners’ equity

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Engineering Economics
Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

P18,900

P19,000

P19,100

P18,000

P18,900

P19,000

P19,100

P18,000

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Engineering Economics
The sunk costs include:

An unrecovered balance

All of these

An invested capital that cannot be retrieved

A past expenditure

An unrecovered balance

All of these

An invested capital that cannot be retrieved

A past expenditure

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Engineering Economics

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

Engineering Economics In a cash-flow diagram:

Engineering Economics Salvage value is sometimes known as ______.

Engineering Economics What is the basic accounting equation?

Engineering Economics The sunk costs include:

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

Engineering Economics
In a cash-flow diagram:

Engineering Economics
Salvage value is sometimes known as ______.

Engineering Economics
What is the basic accounting equation?

Engineering Economics
The sunk costs include: