Practice Summary of Key Learnings - 7.1 | 14. Initial Cost Analysis | Construction Engineering & Management - Vol 1
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Knowledge

7.1 - Summary of Key Learnings

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the initial cost in the example discussed?

💡 Hint: Look for the number mentioned as initial expenses.

Question 2

Easy

Calculate the salvage value if it's set at 20% of the initial cost.

💡 Hint: Multiply the initial cost by 0.2.

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 uniform series capital recovery factor used for?

  • To calculate annual costs
  • To find salvage values
  • To estimate insurance costs

💡 Hint: Think about how recurring costs are derived from initial costs.

Question 2

True or False: The salvage value is always considered in the total cost of ownership.

  • True
  • False

💡 Hint: Reflect on the equipment’s value at the end of its lifecycle.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You have a piece of equipment costing ₹5,00,00,000, depreciating at 10% per year. What would its hourly depreciation cost be for a usage of 2000 hours annually, accounting for a salvage value of ₹50,00,000?

💡 Hint: Use the formula to determine depreciation to subtract salvage from the initial cost.

Question 2

If fuel is priced at ₹80 per liter and a machine consumes 0.12 liters per horse power per hour for a 350 HP engine, what would the hourly fuel cost be?

💡 Hint: Multiply consumption after determining the machine's power.

Challenge and get performance evaluation