Engineering Economics
In computing depreciation of an equipment, which of the following represents the first cost?

Installation expenses
The original purchase price and freight charges
Initial taxes and permit fees
All of these

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

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

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