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

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

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The amounts of all payments are equal.
The payments are made at equal interval of time.
The first payment is made at the beginning of the first period.
Compound interest is paid on all amounts in the annuity.

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