Engineering Economics
What type of depreciation is due to the reduction in the demand for the function that the equipment or asset was designed to render?

Design depreciation
Physical depreciation
Demand depreciation
Functional depreciation

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Engineering Economics
Each financial ratio is generally compared by

A past ratio calculated from the past financial standard of the firm
A ratio of some selected firms most progressive and successful at the point of consideration
All of these
A ratio developed by using the projected financial statement of the firm

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