4.3 - Obsolescence and Efficiency
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Practice Questions
Test your understanding with targeted questions
What is equipment life?
💡 Hint: Think about the process from buying to the end of usage.
Define obsolescence.
💡 Hint: Consider new models in the market.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary purpose of analyzing economic life?
💡 Hint: Think about how money is impacted by maintaining old machines.
True or False: Obsolescence only occurs when equipment is physically broken.
💡 Hint: Consider what happens as new models are released.
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Challenge Problems
Push your limits with advanced challenges
A contractor has two excavators: one is 15 years old with high maintenance costs, and one is newly purchased. What factors should the contractor consider before deciding on replacement?
💡 Hint: List down both economic and obsolescence factors.
Analyze how the replacement of machinery can lead to increased project profitability using real data from a construction project.
💡 Hint: Consider past performance metrics and compare them with expected outcomes from new machinery.
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