2.1 - Recap of Lecture 8: Equipment Replacement Analysis
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Practice Questions
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What is equipment replacement analysis?
💡 Hint: Think about why companies evaluate their machinery.
What is the economic life span of a piece of equipment?
💡 Hint: Focus on how long the equipment remains useful.
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Interactive Quizzes
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What is the primary focus of equipment replacement analysis?
💡 Hint: Think about why this analysis is done in construction projects.
True or False: The payback period is the time it takes for equipment to produce enough income to justify its purchase.
💡 Hint: It relates directly to financial investments.
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Challenge Problems
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You are managing a project's equipment. If a bulldozer's operational cost reaches $15,000 annually and a new machine would cost $45,000 with a payback period of 3 years, what should you advise?
💡 Hint: Consider long-term costs versus short-term expenses.
You face a project delay caused by equipment malfunction. How would you evaluate the decision to repair existing equipment versus replacing it?
💡 Hint: Focus on how time impacts project efficiency.
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