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 ?

Related Mcqs:

What is the term for an annuity with a fixed time span ?

A. Ordinary annuity B. Perpetuity C. Annuity certain D. Annuity due...

Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?

A. Homogeneous product B. Free market entry and exit C. Perfect information and absence of all economic friction D. All of the above...

First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?

A. 21 % B. 20 % C. 19 % D. 18 %...

A mathematical expression also known as the present value of annuity of one is called ____________________?

A. Load factor B. Demand factor C. Sinking fund factor D. Present worth factor...

What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment ?

A. Economic return B. Yield C. Rate of return D. Return of investment...