Pick out the wrong statement.

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Ram Sharma • 178.09K Points
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Q.) Pick out the wrong statement.

(A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment

(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 investment

(D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

Correct answer : Option (D) - In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)

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