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4 cards from this section. Quick, good the night before a test.
What does ownership cost include?
Think about the costs associated with having a vehicle.
Define depreciation.
How does the value of equipment change over time?
What is included in ownership costs?
Think about costs that occur just because you own the asset.
True or False: Operating costs include depreciation.
Operating costs are about usage, not ownership.
A dump truck has an initial cost of 4 crores with a salvage value of 20%. If the truck has an expected useful life of 15 years, calculate the annual depreciation.
Remember to first find the salvage value before calculating depreciation.
Calculate the total operating costs for a dump truck if the fuel cost is 1,200/hour, tire wear is 400/hour, and maintenance is 600/hour. If the operator wage is 300/hour, what is the total cost per hour?
Add up all the costs carefully!
5 more questions in this section. Enroll free to practise them all.
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