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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define ownership costs in your own words.
💡 Hint: Think about different kinds of expenditures involved.
Question 2
Easy
What are investment costs?
💡 Hint: Consider both the purchase and other potential returns.
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 is included in ownership costs?
- Only purchase price
- Insurance
- taxes
- storage costs
- Depreciation only
💡 Hint: Think about all the costs included in owning machinery.
Question 2
True or False: Depreciation represents the increase in the asset's value over time.
- True
- False
💡 Hint: Recall what happens to the value of machines over use.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You acquire a machine for $100,000, with a salvage value of $10,000 over 8 years. Calculate the average annual investment cost and explain the components.
💡 Hint: Remember to include the salvage value in your calculations.
Question 2
If a machine incurs storage costs of 1% of its value at $50,000, what are the annual storage costs, and how would you apply this to ownership calculations?
💡 Hint: Use percentage formulas to find the annual storage cost.
Challenge and get performance evaluation