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
Define ownership costs.
💡 Hint: Think about what it costs to own equipment without using it.
Question 2
Easy
What is salvage value?
💡 Hint: Consider the price obtained after selling used 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 the two main components of ownership costs?
- Ownership and Operating Costs
- Initial and Salvage Costs
- Fixed and Variable Costs
💡 Hint: Think about the costs incurred whether the machine is used or not.
Question 2
True or False: Depreciation reflects a physical cash flow.
- True
- False
💡 Hint: Consider what depreciation represents in financial statements.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A piece of construction equipment costs $150,000 with a salvage value of $15,000 and is expected to last 10 years. Calculate the annual depreciation using the straight-line method.
💡 Hint: Remember to subtract the salvage value from the initial cost before dividing by the useful life.
Question 2
Assuming the same equipment as above, calculate the total depreciation over its useful life using the sum-of-the-years'-digits method.
💡 Hint: Break down the digits to distribute the depreciation over the years.
Challenge and get performance evaluation