Practice New Estimates and Remaining Life Considerations - 4.3 | 20. Equivalent Annual Cost Calculation | Construction Engineering & Management - Vol 1
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New Estimates and Remaining Life Considerations

4.3 - New Estimates and Remaining Life Considerations

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What does EAC stand for?

💡 Hint: Think about yearly financial metrics.

Question 2 Easy

What is the formula for calculating EAC?

💡 Hint: Consider how we break down total costs.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What does EAC help determine?

Annualized costs
Monthly costs
Total production cost

💡 Hint: Think about yearly payments.

Question 2

Is resale value considered a cash outflow?

True
False

💡 Hint: Consider how we account cash inflows and costs.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Calculate the total EAC for a piece of machinery with a purchase price of 8,000,000, an expected annual operating cost of 200,000, a salvage value of 1,000,000, with a useful life of 7 years at an annual interest rate of 5%.

💡 Hint: Factor in USCRF calculations and do adjustments for salvage.

Challenge 2 Hard

Discuss how a change in salvage value from 1,500,000 to 2,000,000 alters the economic analysis and decision on equipment replacement.

💡 Hint: Assess the financial impact through cash flow implications.

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