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Midterm

2008 Midterm 2.2.doc

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Department
Economics
Course
ECO1192
Professor
All Professors
Semester
Fall

Description
ENGINEERING ECONOMICSECO 1192ASecond Partial ExaminationCThoretFall 2008Please Note1You have 80 minutes 7 pm to 815 pm to complete Partial Examination 2 which consists of 30 multiple choice questions2Questionnaires and answer sheets are colour codedEnsure that your copies have matching colours3All questions must be answered on the Scantron sheet4Please indicate your name student number and course number on the front of the Scantron sheetFailure to provide this information could result in the cancellation of your examination5Correct answers are worth one 1 point and incorrect answers zero 06You may keep the examination questionnaire7You MUST show your University of Ottawa ID card as you handin the answer sheet AND sign the attendance sheet8Thank you1The Declining Balance DB depreciation method is always preferred to the Straight Line SL depreciation method because the SL method generates moredepreciation charges during the life of the asset a Trueb False2The aftertax or net income of a business is equal to itsa beforetax cash flowincome taxes paid b aftertax cash flowincome taxes paidc beforetax cash flowtaxes paidannual depreciationd aftertax cash flowannual depreciationincome taxes paide None of the above answersPageEngineering EconomicsECO 1192APage 1Second Partial Examination Pink November 4 2008 3The explicit cash flows of a business include annual income taxes and depreciation charges a Trueb False4A business should maintain accurate depreciation records of capital assets toa track the value of its physical assetsb capture true production costsc calculate its income tax liabilitiesd all of the above answers 5A major difference between the analysis of private sector projects and the analysis of public sector projects is that the analysis ofaprivate sector projects includes all tangible and intangible impacts while the analysis of public sector projects limits itself to tangible impactsbprivate sector projects includes all tangible impacts while the analysis of public sector projects limits itself to intangible impactscprivate sector projects includes all tangible impacts while the analysis of public sector projects considers both tangible and intangible impactsdNone of the above answers6Which of the following statements is truea Lower depreciation charges generate a higher taxable income lower taxes payable and lower aftertax cash flowsb Higher depreciation charges generate a higher taxable income higher taxes payable and higher aftertax cash flowsc Lower depreciation charges generate a higher taxable income lower taxes payable and lower aftertax cash flows d Higher depreciation charges generate lower taxable income lower taxes payable and lower aftertax cash flowse None of the above answersINFORMATION FOR QUESTIONS 7 TO 8Ace Strategic Planning is responsible for implementing as many of the following 5 independent projects as possible with its 20 million budget Each project has a 10year life MARR10PageEngineering EconomicsECO 1192APage 2Second Partial Examination Pink November 4 2008
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