Practice Economic Useful Life - 5 | 15. Equipment Life and Replacement Analysis (Part-1) | Construction Engineering & Management - Vol 1
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Typing
Memory
Math
English Adventures
Knowledge

5 - Economic Useful Life

Enroll to start learning

You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.

Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does economic useful life refer to?

💡 Hint: Think about the relationship between cost and productivity.

Question 2

Easy

Define the terms defender and challenger in the context of equipment management.

💡 Hint: Consider which machine is currently in operation.

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 meant by economic useful life?

  • The lifespan until the equipment breaks down.
  • The period where maintenance costs exceed operating costs.
  • The time when the equipment yields maximum profit.
  • The duration from purchase to disposal.

💡 Hint: Consider what time frame maximizes profitability.

Question 2

True or False: The defender is the machine that is being considered for replacement.

  • True
  • False

💡 Hint: Identify which term applies to the existing equipment.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company has two excavators: Excavator A has been in service for eight years and has increasing repair costs. Excavator B is a new model that offers 20% more efficiency. How would you decide whether to replace Excavator A with Excavator B?

💡 Hint: Consider not just the immediate costs, but long-term productivity.

Question 2

If the inflation rate is 2% per year and the purchase price of new equipment is expected to rise, how will this affect the economic useful life decision in the next five years?

💡 Hint: Evaluate how future costs will impact the balance sheet.

Challenge and get performance evaluation