Chemical Engineering Plant Economics
Payback period

Is affected by the variation in earnings after the recovery of the investment
Is the length of time over which the earnings on a project equals the investment
All of these
And economic life of a project are the same

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Chemical Engineering Plant Economics
Depreciation

Does figure in the calculation of income tax liability on cash flows from an investment
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
All of these

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