Engineering Economics
What is another term for “unit method” for computing depletion?

Initial cost method
Factor method
Percentage method
Sinking fund method

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Engineering Economics
Pick up the correct reason for making conceptual (or preliminary) estimate from the following:

All of these
To have a check on a definitive cost estimate
To compute target estimate for the owner while drawing and specifications are in initial stage
To check quotations from contractors and/or sub-contractors

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Engineering Economics
Using factor method, the depletion at any given year is equal to:

Initial cost of property times number of units sold during the year
Initial cost of property times number of unit sold during the year divided by the total units in property
Initial cost of property divided by the number of units sold during the year
Initial cost of property divided by the total units in property

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