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Engineering Economics

Engineering Economics
What is defined as the reduction or fall of the value of an asset due to constant use and passage of time?

Depletion
Inflation
Deflation
Depreciation

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Engineering Economics
The original record of a business transaction is recorded in this book.

Journal
Work book
Ledger
Account book

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Engineering Economics
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents?

Depletion
Depreciation
Deflation
Inflation

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Engineering Economics
What is a secondary book of accounts, the information of which is obtained from the journal is called?

Ledger
Balanced sheet
Worksheet
Trial balance

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Engineering Economics
If ‘S’ is the future capital accumulated in ‘n’ years at the rate of interest ‘I’ per annum, then present worth is:

S/(1 + i)n
None of these
S (1 + i)n
S (1 + i)1/n

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Engineering Economics
A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?

0.0901
0.0941
0.0931
0.0914

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