Chemical Engineering Mcqs


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  • The declining balance method is also known as ____________________?
  • In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year ?
  • In what method of computing depreciation where it assumes that a sinking fund is established in which funds will accumulate for replacement purposes ?
  • In what method of computing depreciation where it assumes that the loss in value is directly proportional to the age of the equipment or asset ?
  • What is defined as the reduction or fall of the value of an asset due to constant use and passage of time ?

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