Practice Total Cost Overview - 4 | 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 are the two primary categories of equipment costs?

💡 Hint: Think about what you pay for an asset versus what it costs to keep it running.

Question 2

Easy

Define depreciation in simple terms.

💡 Hint: Consider how a car loses value as it 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 total cost consist of?

  • Only ownership costs
  • Only operating costs
  • Both ownership and operating costs

💡 Hint: Recall the definitions we've gone through.

Question 2

Repairs are considered part of what type of cost?

  • True
  • False

💡 Hint: Think about what happens when machinery breaks down.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A contractor has a dump truck costing ₹7 crores, with a tire cost of ₹70 lakhs. Determine the annual depreciation if the useful life is 15 years.

💡 Hint: Don't forget to account for tire cost.

Question 2

Given that the annual operating hours of a dump truck are 1,800, with fuel costs calculated at ₹3000, labor at ₹1500, and maintenance at ₹700, what is the total cost per hour?

💡 Hint: Total costs must be computed first then divided by operating hours.

Challenge and get performance evaluation