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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does ownership cost include?
💡 Hint: Think about the costs linked to owning an asset.
Question 2
Easy
What is the formula for calculating depreciation?
💡 Hint: Consider what values you need.
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 components are included under ownership costs?
- Fuel and labor
- Depreciation
- insurance
- and taxes
- Tire and repair costs
💡 Hint: Focus on costs linked to ownership rather than operation.
Question 2
The formula for calculating operating costs does not include which of the following?
- True
- False
💡 Hint: Check the definitions we discussed.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
If a dump truck has an initial price of 4 crores, a tire cost of 15 lakhs, and an expected lifetime of 15,000 hours, calculate the annual depreciation.
💡 Hint: Apply the straight-line method carefully.
Question 2
Discuss the implications of increased fuel consumption on overall project costs for a long-term operation.
💡 Hint: Connect the importance of precision in fuel management.
Challenge and get performance evaluation