Question: QUESTION 1 When r = 12% per year, compounded monthly find effective rate per month? QUESTION 2 During an asset's useful life, its value decreases

QUESTION 1 When r = 12% per year, compounded monthly find effective rate per month? QUESTION 2 During an asset's useful life, its value decreases due to age, wear-and-tear, obsoleteness, etc. Such a value is called: Depreciation Salvage value None of the mentioned Maintenance cost QUESTION 3 You left a job of AED 35,000 monthly salary and started doing your PhD in Electrical engineering, AED 35,000 per month can be called as: opportunity cost Sunk cost Initial cost Differential cost

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