Engineering Economics
In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes?

Straight line method
Sum-of-year digit method
Sinking fund method
Declining balance method

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Engineering Economics
A construction estimate is used

To decide an approximation of the value of the project and not the exact cost
To judge tentatively or approximate value of the project
To produce a statement of the approximate cost
None of these

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Engineering Economics
The key to profitable operation for project cost control, is:

None of these
To keep the project cost equal to original cost estimate
To keep the project cost equal to subsequent construction budget
To keep the project cost within the cost budget and knowing when and where job costs are deviating

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