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3 cards from this section. Quick, good the night before a test.
Define ownership costs.
Think about what costs arise from owning equipment.
What is the fuel consumption factor?
Consider how manufacturers might specify usage.
What is included in ownership costs?
Think about the costs associated with ownership.
True or False: The Peurifoy method does not consider the time value of money.
Reflect upon how time influences asset evaluations.
A company has a bulldozer that costs $120,000 with a salvage value of $15,000 and is expected to operate for 10,000 hours. Calculate the hourly depreciation and discuss why this can affect overall project costs.
Focus on covering depreciation over the useful life.
You need to estimate the total operating costs for an excavator, including a fuel factor of 0.5 gallons/hp/hr, running at 180 hp over 8 hours. Calculate the fuel cost if fuel is $3 per gallon.
Follow the rate of consumption closely.
5 more questions in this section. Enroll free to practise them all.
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