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3 cards from this section. Quick, good the night before a test.
What does the Caterpillar Method primarily estimate?
Think about what types of costs are involved.
What is the basic formula for calculating depreciation?
Focus on the components of the formula.
What is the main focus of the Caterpillar Method?
Consider which costs are directly associated with equipment.
True or False: Ownership costs include fuel expenses.
Think about what you pay when you own versus operate equipment.
Calculate the total operating cost for a piece of equipment that has a fuel cost of $100, tire cost of $50, and repair costs of $25. How would combine these costs?
Add all components of the operating cost together.
A construction company plans to use a bulldozer for a project that will last 500 hours. If the hourly ownership cost is $20 and the hourly operating cost is $30, calculate the total cost for the project duration.
First, find the combined hourly cost before multiplying by hours.
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