Practice Outline of Today's Presentation - 1.3 | 19. Equipment Life and Replacement Analysis (Part 3) | Construction Engineering & Management - Vol 1
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is replacement analysis?

💡 Hint: Think about the main goal of financial decision-making.

Question 2

Easy

Define sunk cost.

💡 Hint: Consider costs in terms of past investments.

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 main goal of replacement analysis?

  • Maximizing profit
  • Minimizing cost
  • Both

💡 Hint: Think about the objectives outlined in the lecture.

Question 2

True or False: Sunk costs should influence current investment decisions.

  • True
  • False

💡 Hint: Reflect on why past expenses shouldn't sway current choices.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A construction company owns an excavator with increasing maintenance costs. Given its resale value of $50,000 and annual operating costs increasing by $2,000, what factors should be analyzed to determine if they should replace or keep the excavator?

💡 Hint: Think about costs over time and should factor in potential savings and efficiency from newer machinery.

Question 2

Analyze a scenario where a firm must evaluate two competing machines for replacement. One has operational costs that rise sharply as it ages, while the other has stable costs. How does this affect your choice?

💡 Hint: Assess long-term trends in operations costs versus initial investment.

Challenge and get performance evaluation