Relevant Competitive Tests:
Pick out the wrong statement ?
A. The annual depreciation rate for machinery and equipments in a chemical process plant is
B. Annual depreciation rate of buildings in a chemical plant is about 3% of its initial cost
C. Insurance rates on annual basis in a chemical plant may be about 1% of the fixed capital
D. In a chemical industry, research and development cost amounts to about 15% of net sales
Correct Option: D. In a chemical industry, research and development cost amounts to about 15% of net salesrealisation (NSR)
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