Practice Investment Costs - 4 | 16. Economic Life of a Machine | Construction Engineering & Management - Vol 1
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Investment Costs

4 - Investment Costs

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is economic life?

💡 Hint: Think about the duration of cost-effectiveness!

Question 2 Easy

List one component of investment costs.

💡 Hint: Consider what is included in total costs related to machines.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What does economic life refer to?

The total lifespan of a machine
Period with minimal operating costs
The price of the machine

💡 Hint: It's about when costs are lowest while operating the machine.

Question 2

True or False: Obsolescence costs increase as technology advances.

True
False

💡 Hint: Consider how technology affects value over time.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

A company purchases a machine for 40,00,000 and incurs yearly maintenance costs of 3,00,000 that increases by 5% annually. Calculate the total maintenance cost after three years.

💡 Hint: Remember to apply the 5% increase for each subsequent year.

Challenge 2 Hard

Discuss how changes in technology might influence the decision to replace a machine with respect to obsolescence.

💡 Hint: Tie this back to how consumer demand impacts machinery value.

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