Practice Downtime Costs Calculation - 5.3 | 16. Economic Life of a Machine | Construction Engineering & Management - Vol 1
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5.3 - Downtime Costs Calculation

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does economic life refer to?

💡 Hint: Think about the costs associated with keeping equipment.

Question 2

Easy

Name two components of total machine costs.

💡 Hint: Consider costs that arise during operation and over time.

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 the economic life of a machine?

  • The time before a machine breaks down
  • The duration to minimize the costs associated with operating the machine
  • The period until the machine becomes obsolete

💡 Hint: Think about cost management in machinery.

Question 2

True or False: Downtime is the time the machine is operational.

  • True
  • False

💡 Hint: Consider the meaning of downtime.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You have a machine valued at ₹50,00,000 and it's set to depreciate using the Double Declining Balance Method. Calculate the value at the end of year 3 with a useful life of 10 years. Find out the depreciation for each year.

💡 Hint: Refer to the formula and apply it for each year calculating depreciation.

Question 2

If a machine has an operational cost of ₹750 per hour with projected downtime at 8% for 5,000 hours in a year, calculate the total downtime cost for that year.

💡 Hint: Think about how you can calculate lost productivity to find the cost.

Challenge and get performance evaluation