References 1
1. Fortune, April 16, 2001 F1-F73. 2. JR Couper, WH Rader. Applied Finance and Economic Analysis for Scientists and Engineers. New York Van Nostrand Reinhold Company, 1986. 3. Cost Engineer's Notebook. Morgantown WV American Association of Cost Engineers, 1995. 4. WT Nichols. Industrial and Engineering Chemistry 43 10 2295, 1951. 5. RH Perry, DW Green. Perry's Chemical Engineers' Handbook. 5th ed. New York McGraw-Hill, 1973. DS Remer, LH Chai. Chemical Engineering Progress. August, 1990 77-82....
Investment Tax Credit
Technological progress is a contributing factor to high living standards. To advance technology, an investment of capital is required but high tax rates are deterrents to capital investment. High tax rates plus long depreciation periods are still greater deterrents. In 1962, the government initiated tax reform permitting an investment tax credit but there have been periods when this credit has been discontinued. At present 2003 , a company cannot claim this credit. Tax credits are enacted at...
Info Yjm
One must be careful in using any of the factored methods because they might apply only to certain type of chemical processing plants. Also, it is unwise to extend the factor methods beyond their intended application. 4.3.3.6.2 Step-Counting Methods. Step counting and a similar method known as functional unit method are discussed in Ref. 38. In these methods, a unit operation or unit process roughly constitutes a step or functional unit. For example, a distillation step might include a...
Offsite Capital
The offsite facilities include all structures, equipment, and services that do not directly enter into the manufacture of a product. These costs are estimated separately from the fixed capital investment. They are not easy to estimate. Offsite capital would include the utilities and services of a plant. Among the utilities are 1. Steam-generating and distribution 2. Electrical-generating and distribution 4. Water-well, city, cooling tower, and pumping stations for water distribution 7....
Modified Accelerated Cost Recovery System MACRS
The MACRS went into effect on January 1, 1987 8 . There are six asset recovery periods under this system 3, 5,7, 10,15, and 20 years. The class lives for selected industries is found in Table 7.3. Most chemical processing equipment falls into the 5-year category. Table 7.5 is the MACRS deduction rates for the six periods based upon 200 declining-balance method. This rate applies to class lives of 10 years or less and 150 applies to the 15- and 20-year lives. In Table 7.5, there is a switch to...