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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define investment cost.
💡 Hint: Consider what expenses are involved in acquiring a machine.
Question 2
Easy
What is depreciation?
💡 Hint: Think about how an asset's worth diminishes as it ages.
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 does investment cost include?
- Only the purchase price
- Purchase price and interest
- Only interest
💡 Hint: Think about both purchasing and financing aspects.
Question 2
True or False: Depreciation increases the value of an asset over time.
- True
- False
💡 Hint: Consider the definition of depreciation.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A mining company has a machine with an initial cost of $250,000, a salvage value of $30,000 and a useful life of 10 years. Calculate the annual depreciation and the total ownership costs (with 10% investment cost, 3% insurance, 2% property tax, 1.5% storage).
💡 Hint: Break it down into parts.
Question 2
A machine is purchased for $80,000, with a salvage value of $5,000 and a useful life of 7 years. Calculate the average annual investment and determine total ownership cost, including 9% investment cost, 2% insurance, 2.5% tax, and 1.2% storage.
💡 Hint: Use the formulas discussed.
Challenge and get performance evaluation