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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does EAC stand for?
💡 Hint: Look for the acronym meaning in basic definitions.
Question 2
Easy
What is the first step to calculate the EAC from the purchase price?
💡 Hint: The acronym helps remember the two components needed for this calculation.
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 EAC stand for?
- Earning Annual Cost
- Equivalent Annual Cost
- Equalized Annual Cost
💡 Hint: Focus on the 'A' in EAC for annual.
Question 2
Is the USCRF constant across different years?
- True
- False
💡 Hint: Remember how interest impacts future value.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company has purchased equipment for 5,000,000 with a USCRF of 0.25. If the total O&M costs yearly are 500,000 but increase 5% each year, calculate the EAC after three years.
💡 Hint: Factor each year’s increase into the calculations.
Question 2
If a piece of machinery is expected to last for 10 years with an initial purchase of 20,000,000 and a salvage value of 2,000,000 after that time, estimate the EAC using a 10% interest rate.
💡 Hint: Considering salvage values is crucial for accurate costing.
Challenge and get performance evaluation