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

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Engineering Economics
A construction estimate is used

To decide an approximation of the value of the project and not the exact cost
To judge tentatively or approximate value of the project
None of these
To produce a statement of the approximate cost

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