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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is included in ownership cost?
💡 Hint: Think about what expenses are needed to own equipment.
Question 2
Easy
How do you calculate total cost of ownership?
💡 Hint: What two major cost categories are involved?
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 constitutes ownership costs?
- Depreciation and taxes.
- Fuel and maintenance.
- Initial price and insurance.
💡 Hint: Think of the costs tied to asset ownership.
Question 2
True or False: Salvage value is the estimated resale value of an asset at the end of its useful life.
- True
- False
💡 Hint: Consider what happens when an asset is disposed of.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Calculate the total cost per hour if the ownership cost is ₹2713, operating cost is ₹3209.29, and the operator wage is ₹200.
💡 Hint: Think about how to combine all the costs.
Question 2
If the dump truck's useful life is extended to 15 years, recalculate the hourly depreciation based on the new lifetime hours of use.
💡 Hint: Make sure to adjust the useful life in your calculations.
Challenge and get performance evaluation