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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does depreciation represent in equipment costs?
💡 Hint: Think about the lifespan of the machine.
Question 2
Easy
What are the two main components of equipment costs discussed in this section?
💡 Hint: Recall the breakdown we discussed in class.
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 Caterpillar method primarily focused on?
- Fuel Costs
- Equipment Cost Estimation
- Operating Hours
💡 Hint: Think about the purpose of this method.
Question 2
True or False: Operating costs include depreciation.
- True
- False
💡 Hint: Remember how we classified costs in class.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You have an excavator with an initial cost of $250,000, a salvage value of $30,000, and its lifespan is 10 years. Calculate the annual depreciation and total ownership cost if the operating cost is estimated at $50,000 per year.
💡 Hint: Start with the depreciation calculation before summing total costs.
Question 2
An excavator has a fuel consumption rate of 15 gallons per hour, operating for 6 hours daily, with fuel priced at $3 per gallon. What is the daily fuel cost?
💡 Hint: Multiplication is key here; remember to multiply through to get the total costs.
Challenge and get performance evaluation