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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the formula for calculating the equivalent uniform annual cost?
💡 Hint: Think about how interest and time factor in.
Question 2
Easy
Define salvage value.
💡 Hint: Consider what happens to equipment when it's no longer useful.
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 is the annualized cost formula?
- Cost + Interest
- Initial Cost x [i(1+i)^n / ((1+i)^n - 1)]
- Initial Cost / Life Span
💡 Hint: Which option incorporates interest?
Question 2
The salvage value represents the future resale value of a piece of equipment.
- True
- False
💡 Hint: Think about when you'd sell equipment.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A construction project has machinery with an initial cost of ₹4,50,00,000. The salvage value is estimated at 10% of the initial cost. Calculate the annualized initial cost over a 10-year lifespan at a 6% interest rate.
💡 Hint: Work through the formula step by step: calculate exponentials, then multiply.
Question 2
If the total ownership cost totals ₹2,500,00 and the operational costs add up to ₹1,500,00 for a month of work, what is the total cost for that project?
💡 Hint: Add together all monthly expenditures for total project assessment.
Challenge and get performance evaluation