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3 cards from this section. Quick, good the night before a test.
What are ownership and operating costs?
Think about the difference between purchasing and operating expenses.
Define depreciation.
Consider how the value of a car drops as it ages.
What are the two main cost categories in repair cost calculation?
Consider the nature of expenses.
True or False: Salvage value is always considered in depreciation calculations.
Think about different calculation methods.
If a machine has an initial cost of ₹4 crores and a salvage value of 10% with a useful life of 15 years, what is the annual depreciation?
Start by calculating the actual depreciable cost.
Given the operating cost includes fuel, wage, and maintenance amount to ₹8,000 per hour. If the truck operates for 1,800 hours a year, what's the total operating cost?
Break it down to simple multiplication to find the total.
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