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

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

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Engineering Economics
Which is true about partnership?

Its capitalization must be equal for each partner.
It has a perpetual life.
It can be handed down from one generation of partners to another.
It will be dissolved if one of the partners ceases to be connected with the partnership.

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