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Engineering Economy

The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called __________________?

Engineering Economy /
The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called __________________?

A. Fair value
B. Market value
C. Good will value
D. Book value

The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called __________________? Read More »

Engineering Economy

Using factor method, the depletion at any given year is equal to ?

Engineering Economy /
Using factor method, the depletion at any given year is equal to ?

A. Initial cost of property times number of unit sold during the year divided by the total units in property
B. Initial cost of property divided by the number of units sold during the year
C. Initial cost of property times number of units sold during the year
D. Initial cost of property divided by the total units in property

Using factor method, the depletion at any given year is equal to ? Read More »

Engineering Economy

Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?

Engineering Economy /
Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ?

A. Fixed percentage of gross income or the net taxable income
B. Fixed percentage of gross income or 50% of the net taxable income
C. 50% of the fixed percentage of gross income or 50% of the net taxable income
D. 50% of the fixed percentage of gross income or the net taxable income

Under the depletion allowance method in computing depreciation, the depletion charge is equal to either ________________ which ever is smaller ? Read More »

Engineering Economy

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 ?

Engineering Economy /
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 ?

A. Depletion
B. Inflation
C. Depreciation
D. Deflation

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 ? Read More »

Engineering Economy