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
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.
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 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.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation