Elkay Chemicals Interview Questions and Answers for Experienced

Depreciation is the allocation of the cost of a tangible asset over its useful life.

• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 with ...read more

Accrual refers to the recognition of revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Accrual accounting matches revenues with expenses in the same accounting period, even if cash has not been exchanged.

• Accruals are used to provide a more accurate representation of a company's financial position and performance.

• Examples of accruals include accounts receivable, accounts payable, and acc

Pipe sizing calculation involves determining the appropriate diameter of a pipe based on flow rate, pressure drop, and material properties.

• Calculate the required flow rate for the system

• Determine the pressure drop allowed in the system

• Consider the material properties of the pipe such as friction factor and roughness

• Use pipe sizing charts or formulas to find the appropriate diameter

• Ensure the selected pipe size meets th