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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is ownership cost?
💡 Hint: Think of costs related to buying and maintaining the machine.
Question 2
Easy
What factors do we consider in operating costs?
💡 Hint: Focus on costs incurred while the machine is being used.
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 is the formula for calculating depreciation?
💡 Hint: Remember it involves initial price, tire cost, and useful life.
Question 2
True or False: Operating costs include the purchase price of equipment.
- True
- False
💡 Hint: Consider what happens during the actual operation.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Given a machine that costs ₹5 crores, has a tire cost of ₹15 lakhs, operates for 2000 hours a year, with a useful life of 15 years. Calculate the annual depreciation.
💡 Hint: Apply the formula for depreciation carefully.
Question 2
A piece of equipment has an hourly fuel consumption of 0.08 liters/hp, has 400 hp, and the fuel costs ₹70 per liter. Calculate the total hourly fuel cost.
💡 Hint: Break it down: consumption multiplied by horsepower and then by fuel cost.
Challenge and get performance evaluation