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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is ownership cost?
💡 Hint: It is what you pay to own the equipment.
Question 2
Easy
How do you determine salvage value?
💡 Hint: Think about the value of the equipment after its useful life.
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 are the three main components of equipment costs?
- Ownership costs
- Operating costs
- Operator wages
- All of the above
💡 Hint: Think about what it takes to own and operate equipment.
Question 2
True or False: The salvage value is always 10% of the initial cost.
- True
- False
💡 Hint: Consider how salvage value is typically set based on initial cost.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A dump truck's operating context changes frequently. If fuel prices rise to ₹80/liter but the efficiency drops to 0.08 liters per horsepower, how will this impact the hourly fuel cost?
💡 Hint: Focus on recalculating using the updated price and consumption rate.
Question 2
If the estimated useful life of the equipment decreases to 10 years, how would this affect the annual depreciation calculation?
💡 Hint: A shorter lifespan increases annual costs proportionately.
Challenge and get performance evaluation