Practice Total Cost Calculation Using Caterpillar Method - 2.3 | 13. Estimating Equipment Cost Using Two Methods | Construction Engineering & Management - Vol 1
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is depreciation?

💡 Hint: Think about how things wear out.

Question 2

Easy

List one component of ownership costs.

💡 Hint: These costs are related to owning equipment.

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 the Caterpillar method calculate?

  • Operating Costs
  • Total Equipment Costs
  • Depreciation Only

💡 Hint: Think about the comprehensive nature of this method.

Question 2

True or False: Operating Costs are included in Ownership Costs.

  • True
  • False

💡 Hint: Recall the definitions of both terms.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Calculate the total hourly cost for a dump truck that has an ownership cost of ₹2713.00/hr, operating cost of ₹3209.29/hr, and operator wages of ₹200/hr. Show your calculations.

💡 Hint: Add these three components together.

Question 2

If the useful life of the dump truck changes to 15 years, recalculate the hourly depreciation cost using the original price without tire cost.

💡 Hint: Update the life value in the depreciation formula.

Challenge and get performance evaluation