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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 associated with having a vehicle.
Question 2
Easy
Define depreciation.
💡 Hint: How does the value of equipment change over time?
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 included in ownership costs?
- Fuel
- Labor
- Depreciation
- Interest
- Insurance
- Land
- Office expenses
💡 Hint: Think about costs that occur just because you own the asset.
Question 2
True or False: Operating costs include depreciation.
- True
- False
💡 Hint: Operating costs are about usage, not ownership.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A dump truck has an initial cost of 4 crores with a salvage value of 20%. If the truck has an expected useful life of 15 years, calculate the annual depreciation.
💡 Hint: Remember to first find the salvage value before calculating depreciation.
Question 2
Calculate the total operating costs for a dump truck if the fuel cost is 1,200/hour, tire wear is 400/hour, and maintenance is 600/hour. If the operator wage is 300/hour, what is the total cost per hour?
💡 Hint: Add up all the costs carefully!
Challenge and get performance evaluation