Practice Lecture-06 Equipment Life and Replacement Analysis (Part-1) - 2 | 15. Equipment Life and Replacement Analysis (Part-1) | Construction Engineering & Management - Vol 1
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2 - Lecture-06 Equipment Life and Replacement Analysis (Part-1)

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is economic useful life?

💡 Hint: Think about both costs and profits.

Question 2

Easy

Define downtime costs.

💡 Hint: Consider repair scenarios.

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 consideration for determining economic useful life?

  • Maximizing profit
  • Minimizing downtime
  • Increasing repair costs

💡 Hint: Think about financial outcomes.

Question 2

True or False: Obsolescence cost refers solely to the depreciation of machinery.

  • True
  • False

💡 Hint: Consider different aspects of value reduction.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A construction company has an old excavator that costs $5,000 annually in maintenance. A new excavator would cost $40,000 but would save the company $10,000 every year in operational efficiency due to downtime reductions. Should the company replace the old excavator? Use economic analysis to justify your answer.

💡 Hint: Weigh the long-term benefits against initial investments.

Question 2

Calculate the obsolescence cost if a machine is 5 years old and has decreased from $100,000 to $70,000 in market value. What percentage value has been lost?

💡 Hint: Use the original value as a base for your percentage calculations.

Challenge and get performance evaluation