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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is Equivalent Annual Cost?
💡 Hint: Think about how costs spread over time.
Question 2
Easy
Define salvage value.
💡 Hint: Consider what an asset could be worth eventually.
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 EAC stand for?
- Equivalent Annual Cost
- Estimated Annual Cost
- Endless Annual Cost
💡 Hint: Remember the context of annualizing costs.
Question 2
True or False: Salvage value is what an asset is worth at the end of its useful life.
- True
- False
💡 Hint: Think about what happens at the end of asset service.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A piece of construction equipment costs ₹30,00,000 and has a salvage value of ₹5,00,000 after 10 years. If the interest rate is 9%, calculate the hourly depreciation assuming 1500 hours of operation per year.
💡 Hint: Don’t forget to simplify after calculating EACs!
Question 2
An asset with an initial cost of ₹20,00,000 will depreciate to a 10% salvage value in 8 years at an interest rate of 7%. Calculate the equivalent annual cost of the asset.
💡 Hint: Use the EAC formulas step by step!
Challenge and get performance evaluation