Practice Introduction To The Off Highway Truck (1.2) - Estimating Equipment Cost Using Two Methods

Practice: Introduction to the Off Highway Truck

Lesson 1.2Estimating Equipment Cost Using Two Methods

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10 questions

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6 sample questions

Question 1.
What does the term 'off-highway truck' refer to?
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Think about where these trucks operate.
Question 2.
What is depreciation?
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Consider how the value of machines changes with usage.
3Question 3.
What is an off-highway truck primarily used for?
- Public road transport
- Construction and mining
- Personal vehicle
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Think about where heavy equipment is necessary.
4Question 4.
True or False: Off-highway trucks can be operated on public roads.
- True
- False
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Consider the name and its implications.
Question 5.
An off-highway truck costs 3 crores, runs 1600 hours/year with a salvage of 0.2 of the price. Calculate total operating and ownership costs if operational cost factors are 3209/hour and operator wages are 200/hour.
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Combine all components and correlate to use hours.
Question 6.
Using Peurifoy guidelines, if an off-highway truck’s salvage value is 20% and running life is estimated based on 20000 hours, determine effects on operational budgeting.
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Think of how salvage value changes the overall estimate.

6 more questions in this section. Enroll free to practise them all.