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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define ownership cost.
💡 Hint: Think about what costs arise from having equipment in use.
Question 2
Easy
What is depreciation?
💡 Hint: Consider how value changes as the equipment ages.
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 does ownership cost include?
- Only purchase price
- Purchase price
- depreciation
- insurance
- operating costs
- Only maintenance costs
💡 Hint: Think about all the responsibilities of ownership.
Question 2
True or False: Depreciation increases the value of an asset over time.
- True
- False
💡 Hint: Consider how assets typically age.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A construction company has a dump truck purchased for ₹4,00,00,000, with a useful life of 15 years and a salvage value of 20%. What will be the annual depreciation using the straight-line method?
💡 Hint: Calculate the salvage value first!
Question 2
Estimate the total ownership cost of an excavator purchased for ₹5,00,00,000, expected to operate 2000 hours yearly and subject to depreciation, insurance 2%, interest 6%, and operational costs attached. Calculate each component.
💡 Hint: Break down each component calculation before summing.
Challenge and get performance evaluation