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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What components are included in ownership costs?
💡 Hint: Think about what expenses arise from owning equipment.
Question 2
Easy
Explain the straight-line method of depreciation.
💡 Hint: Consider the formula for depreciation calculation.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
Which of the following is included in ownership costs?
💡 Hint: Focus on costs associated with owning rather than operating.
Question 2
The Peurifoy method utilizes which of the following techniques?
💡 Hint: Consider what makes Peurifoy’s method different.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
A construction company plans to purchase a new excavator for $95000, with an expected salvage value of $15,000 and a life expectancy of 8,000 hours. Calculate its hourly depreciation using the Caterpillar method.
💡 Hint: Identify the initial cost and salvage value correctly.
Question 2
In a project requiring heavy machinery, estimate the operating cost for a bulldozer. If the unit cost of fuel is $3 per gallon, the engine horsepower is 400, and the consumption factor for the working condition of the bulldozer is 0.6, determine the hourly fuel cost.
💡 Hint: Ensure to multiply fuel consumption by both horsepower and unit cost accurately.
Challenge and get performance evaluation