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