Engineering Economics
Which is true about corporation?

The stock holders of the corporation are only liable to the extent of their investments.
It is worse type of business organization.
Its life is dependent on the lives of the incorporators.
The minimum number of incorporators to start a corporation is three.

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