Practice Recap of Previous Lecture - 1.2 | 19. Equipment Life and Replacement Analysis (Part 3) | Construction Engineering & Management - Vol 1
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Knowledge

1.2 - Recap of Previous Lecture

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is replacement analysis?

💡 Hint: Think about cost versus profits.

Question 2

Easy

What is the importance of market value in replacement analysis?

💡 Hint: Consider the third-party perspective.

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 replacement analysis aim to achieve?

  • Maximize sales
  • Minimize costs
  • Both A and B

💡 Hint: Focus on the main goal of the analysis.

Question 2

True or False: The initial purchase price is crucial when considering the replacement of equipment from a third-party perspective.

  • True
  • False

💡 Hint: Think about a third-party's concern.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A construction company has a bulldozer with a current market value of $25,000 and an estimated operating cost increase of $5,000 per year after 3 years. Calculate its economic life considering a new bulldozer costs $50,000 with an operating cost of $2,000 per year.

💡 Hint: Break down costs year by year.

Question 2

Given that a machine has depreciated to $15,000, calculate the implications of its book value (of $10,000) versus its current market value if operational costs rise significantly. When should it be replaced?

💡 Hint: Focus on the break-even point for operational costs.

Challenge and get performance evaluation