Practice Components of the Equipment Cost - 3.2 | 5. Construction Methods and Equipment Management | Construction Engineering & Management - Vol 1
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Knowledge

3.2 - Components of the Equipment Cost

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What are ownership costs?

💡 Hint: Think about what costs still exist when equipment is not working.

Question 2

Easy

Name one component of operating costs.

💡 Hint: What costs are involved when you actively use equipment?

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What are ownership costs?

  • A. Only incurred during operation
  • B. Fixed costs incurred regardless of usage
  • C. Variable costs that change daily

💡 Hint: Think about costs that exist when equipment isn't working.

Question 2

True or False: Operating costs are fixed costs.

  • True
  • False

💡 Hint: Remember how often equipment is used affects expenses.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A heavy duty truck costs $120,000; its expected salvage value is $15,000 after 10 years. Calculate the annual depreciation using the straight-line method and analyze how this impacts overall budgeting for projects.

💡 Hint: Remember the formula for straight-line depreciation.

Question 2

If an excavator has ownership costs of $50,000 per year and operating costs increasing to $60,000 due to heavy usage, evaluate profitability if total project revenue amounts to $200,000.

💡 Hint: Consider how increased operating costs affect profit margins.

Challenge and get performance evaluation