Practice Construction Methods and Equipment Management - 1 | 5. Construction Methods and Equipment Management | Construction Engineering & Management - Vol 1
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1 - Construction Methods and Equipment Management

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define ownership costs in construction.

💡 Hint: Think of expenses that occur even when the equipment is idle.

Question 2

Easy

What is the salvage value?

💡 Hint: Consider the value you can recoup when selling old 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?

  • Costs incurred only when equipment is used
  • Fixed costs incurred annually
  • Costs related solely to fuel expenses

💡 Hint: Think about costs that persist even if the machine stands idle.

Question 2

True or False: Depreciation is a cash flow expense.

  • True
  • False

💡 Hint: Consider how it affects financial statements but not actual cash on hand.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A construction contractor estimates the initial cost of a crane to be $150,000 with a salvage value of $30,000 and a useful life of 10 years. Calculate the total depreciation over its useful life and annual depreciation using the straight line method.

💡 Hint: Use the straight line formula: (Initial Cost - Salvage Value) / Useful Life.

Question 2

A piece of equipment sees heavy use in its first three years. If its initial cost is $200,000, salvage value is $20,000, and its useful life is 5 years, calculate the first-year depreciation using the sum of the years digit method.

💡 Hint: Recall the formula for the sum of the years digit method and note that the total years left determines the factor.

Challenge and get performance evaluation