1243. The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion?

A. $ 5,000,000.00
B. $ 5,010,000.00
C. $ 5,025,000.00
D. $ 5,050,000.00
✅ The correct answer is option A.

1247. Which one of the following statement is incorrect regarding the electromagnetic radiation ?

A. These are produced by the motion of electric charge
B. The oscillation of charged particles sets up changing electric fields
C. The changing electric fields induce the changing magnetic fields in the surrounding medium
D. None of these
✅ The correct answer is option D.