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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define equipment life.
💡 Hint: Think about what phases equipment goes through.
Question 2
Easy
What is a defender in equipment terminology?
💡 Hint: Consider the existing machinery before replacement.
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 useful life?
- Time of minimal costs
- Time of maximum costs
- Time of inefficient operation
💡 Hint: Think about optimizing profit.
Question 2
True or False: The defender refers to the proposed new equipment.
- True
- False
💡 Hint: Which term relates to existing machinery?
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A construction company has an excavator that costs $80,000 and incurs an annual operating cost of $15,000. Calculate when it is economically advisable to replace the excavator assuming no significant technological advancements.
💡 Hint: Assess repair and operational costs over multiple years.
Question 2
Discuss the impact of market obsolescence on the decision to retain or replace a bulldozer that, although functional, has become substantially less efficient compared to newer models.
💡 Hint: Consider the associated costs: downtime and repairs versus possible productivity gains from new models.
Challenge and get performance evaluation