Chemical Engineering Plant Economics
An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the

Cash ratio
Discrete compound interest
Depreciation by sinking fund method
Manufacturing cost

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Chemical Engineering Plant Economics
Depreciation

Does figure in the calculation of income tax liability on cash flows from an investment
All of these
Is the unavoidable loss in the value of the plant, equipment and materials with lapse in time
Costs (on annual basis) are constant when the straight line method is used for its determination

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Chemical Engineering Plant Economics
Pick out the correct statement.

Difference between income and expense is termed as gross revenue
Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to dat
Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale
Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment

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