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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define ownership costs.
💡 Hint: Think about what it costs to own rather than operate.
Question 2
Easy
What is depreciation?
💡 Hint: Consider how a car loses value each year.
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 are the main components of ownership costs?
- Depreciation
- Interest
- Insurance
- Taxes
- Fuel
- Repairs
- Labor
- Initial Cost
- Operating Cost
💡 Hint: Think about costs that persist while owning an asset.
Question 2
True or False: The Peurifoy method does not consider salvage value.
- True
- False
💡 Hint: Look at what the truck could be sold for after use.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A construction company purchased an off-highway dump truck for ₹3 crores, tires cost ₹11 lakhs, and it has an expected useful life of 12.5 years. Calculate the hourly ownership cost, excluding any operating costs.
💡 Hint: Break it down into components for clarity.
Question 2
Using the Peurifoy method, a truck's initial cost is ₹3 crores. If the salvage value is estimated at 20% of this value, calculate the salvage value. Then, explain how this affects your overall cost estimation.
💡 Hint: Consider how resale value changes the money you'll calculate in your budget.
Challenge and get performance evaluation