Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does ownership cost represent?
💡 Hint: Think about what costs you would need to cover just to own the equipment.
Question 2
Easy
Name one method of calculating depreciation.
💡 Hint: What is a simple way to spread a cost evenly over several years?
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 in use
- Annual costs incurred regardless of equipment usage
- Only the purchase price of the equipment
💡 Hint: Think about the costs you pay just to keep equipment.
Question 2
Is depreciation a cash flow item?
- True
- False
💡 Hint: Remember what depreciation reflects.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Given an excavator with an initial cost of $90,000, a tire cost of $5,000, a salvage value of $10,000, and a useful life of 12 years; calculate the annual depreciation using the straight line method.
💡 Hint: Remember to subtract the tire cost and salvage value.
Question 2
If a loader is expected to generate $150,000 in revenue and incurs ownership costs of $30,000, how would underestimating these costs affect the project’s profitability?
💡 Hint: Consider the relation between costs and revenues in project bids.
Challenge and get performance evaluation