Practice Equipment Cost Estimation - 3 | 5. Construction Methods and Equipment Management | Construction Engineering & Management - Vol 1
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3 - Equipment Cost Estimation

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define ownership cost in equipment management.

💡 Hint: Think about costs that exist even when the equipment is idle.

Question 2

Easy

What is the primary purpose of estimating equipment costs?

💡 Hint: Consider the financial implications of inaccurate estimates.

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

Which cost is incurred regardless of equipment usage?

  • Ownership Cost
  • Operating Cost
  • Maintenance Cost

💡 Hint: Remember the costs that exist even when idle.

Question 2

True or False: All ownership costs are directly related to the active use of equipment.

  • True
  • False

💡 Hint: Consider the definition of ownership costs.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A construction company purchased a bulldozer for $400,000, expected to last 15 years with a salvage value of $50,000. Using the straight-line method, calculate the depreciation after five years.

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

Question 2

If an excavator has an initial cost of $250,000 and is expected to depreciate at a rate defined by the double-declining balance method, calculate its book value after three years assuming no salvage cost.

💡 Hint: Remember not to use salvage value in this method.

Challenge and get performance evaluation