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3 cards from this section. Quick, good the night before a test.
What is ownership cost?
Think of costs related to buying and maintaining the machine.
What factors do we consider in operating costs?
Focus on costs incurred while the machine is being used.
What is the formula for calculating depreciation?
Remember it involves initial price, tire cost, and useful life.
True or False: Operating costs include the purchase price of equipment.
Consider what happens during the actual operation.
Given a machine that costs ₹5 crores, has a tire cost of ₹15 lakhs, operates for 2000 hours a year, with a useful life of 15 years. Calculate the annual depreciation.
Apply the formula for depreciation carefully.
A piece of equipment has an hourly fuel consumption of 0.08 liters/hp, has 400 hp, and the fuel costs ₹70 per liter. Calculate the total hourly fuel cost.
Break it down: consumption multiplied by horsepower and then by fuel cost.
4 more questions in this section. Enroll free to practise them all.
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