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Product Title: Chapter 55- Engineering Economics Analysis (eChapter from Fundamentals of Manufacturing Supplement)

Updated from Personify: 2014-11-06

Personify Product Code: BK05PUB2_E_CH-55

Personify Product ID:       116005

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Editor:  Philip D Rufe

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Published By: SME

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Published Date: 2005-04-01

Page Count: 12

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Product Type:   EBOOKCHAPTER

 

ISBN: 978-1-62104-004-0   

 

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Depreciation is a decline in the value of property over the time it is used. Events that can cause property to depreciate include wear and tear, age, deterioration, and obsolescence. The chapter focuses on various depreciation methods such as straight-line depreciation, sum-of-the-years’ digits depreciation, declining-balance depreciation, the accelerated cost-recovery system (ACRS), and the modified accelerated cost recovery system (MACRS). Determining the payback period involves finding the number of periods (weeks, months, or years) required to recover the cost of capital, ignoring the time value of money. The internal rate of return (IRR) method determines the interest rate that will equate the present worth of a project’s revenues with the present worth of the project’s costs.

 

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Related Products IDs (Personify): 115519;115987;115990;115994;115996;115998;116001;116003;116007;116009;116011;116016;117728

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