Chemical Engineering Plant Economics (MCQs)

Pick out the correct statement.

  • A. Difference between income and expense is termed as gross revenue
  • B. Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to date
  • C. Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment
  • D. Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale
Answer: Option B.
Explanation: 
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