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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define economic life in relation to machinery.
💡 Hint: Consider the balancing of operating costs.
Question 2
Easy
What are obsolescence costs?
💡 Hint: Think about the influence of technology.
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 economic life?
- A period of maximum machine lifespan
- Period with lowest operational costs
- Time when machines become obsolete
💡 Hint: It relates to the balance of repairs and operating expenses.
Question 2
True or False: Downtime costs increase with the age of the machine.
- True
- False
💡 Hint: Consider how repairs affect work efficiency.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You have a machine worth 35,00,000 with a useful life of 8 years. Calculate its estimated obsolescence costs at year 5, considering a 10% obsolescence per year.
💡 Hint: Think about applying the percentage to the original value directly.
Question 2
Given the costs of maintenance increase by 10% annually starting at 2,00,000, calculate the total maintenance cost at the end of 4 years.
💡 Hint: Use geometric progression to help in calculating total growth over multiple years.
Challenge and get performance evaluation