Practice Obsolescence Cost - 8.3 | 15. Equipment Life and Replacement Analysis (Part-1) | Construction Engineering & Management - Vol 1
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Knowledge

8.3 - Obsolescence Cost

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define obsolescence cost.

💡 Hint: Think about how machinery's age can affect its financial value.

Question 2

Easy

What are the two types of obsolescence?

💡 Hint: Consider the reasons why a business may find a machine less useful.

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 does obsolescence cost refer to?

  • A cost of modern machinery
  • A cost due to outdated machinery
  • A cost associated with worker wages

💡 Hint: Recall how aging machinery impacts overall costs.

Question 2

True or False: Technological obsolescence refers only to wear and tear of machinery.

  • True
  • False

💡 Hint: Consider both functionality and technology advancements.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A construction firm decides to continue using outdated cranes despite new models being available. Calculate the potential financial losses incurred if they discover operational costs increase by 30% due to inefficiencies and maintenance from continued use.

💡 Hint: Estimate total costs before and after and consider how many years this could continue.

Question 2

Create a business plan that takes into account the costs of not replacing older machinery in terms of estimated profit loss and market share decline due to technological obsolescence.

💡 Hint: Consider both quantitative figures and qualitative impacts on market presence.

Challenge and get performance evaluation