The total investment in a project is Rs. 10 lakhs and the annual profit is 1.5 lakhs. If the project life is 10 years, then the simple rate of return on investment is

A. Initial cost B. Book value at the end of (n - 1)^th year C. Depreciation during the (n - 1)^th year D. Difference between initial cost and salvage value

A. Inventories B. Marketable securities C. Chemical equipments D. None of these

A. Value of the asset decreases linearly with time B. Annual cost of depreciation is same every year C. Annual depreciation is the fixed percentage of the property value at the beginning of the particular year D. None of these

A. Total income B. Gross earning C. Total product cost D. Fixed cost