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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is depreciation?
💡 Hint: Consider how value decreases over time.
Question 2
Easy
What are the main components of ownership cost?
💡 Hint: Think about the different costs associated with owning equipment.
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 primary goal of calculating ownership costs?
- Minimize labor costs
- Estimate total equipment costs
- Increase initial purchase cost
💡 Hint: What do you need to budget for when using equipment?
Question 2
True or False: The Peurifoy method disregards the timing of cash flows.
- True
- False
💡 Hint: Consider what the time value of money really means.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A construction company acquires a new backhoe for $150,000. If the expected salvage value is $30,000 and the estimated useful life is 10,000 hours, calculate the hourly depreciation using both the Caterpillar and Peurifoy methods.
💡 Hint: Establish the depreciation first, then add nuances from Peurifoy.
Question 2
Discuss how changing the interest rate from 5% to 10% would affect total cost estimation under Peurifoy's method.
💡 Hint: Think about how finance costs link with cash timing in construction.
Challenge and get performance evaluation