CM 2113 CHAO WANG LATEST
EXAM 1
A grader has an initial cost of $220,000 and an estimated useful life of
10 years. The salvage value after 10 years of use is estimated to be
$25,000. What is the book value at the end of the second year if the
double declining balance method of depreciation accounting being used?
- ANSWERS-$140,800. You need to show work, but I don't know the
formula to use.
A grader has an initial cost of $220,000 and an estimated useful life of
10 years. The salvage value after 10 years of use is estimated to be
$25,000. What is the book value at the end of the eleventh year if the
MACRS method of depreciation accounting being used? - ANSWERS-
$0
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
horsepower rating of the loader's diesel engine is 105hp. The loader
operator will earn $34.00/hr including fringe benefits, and diesel fuel
costs $1.20/gal. How much is the contractor's hourly ownership cost for
the loader if using time value of money analysis? - ANSWERS-$6.23/hr.
You need to show work, but I don't know the formula to use.
END OF
PAGE 1
, CM 2113 CHAO WANG LATEST
EXAM 1
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
horsepower rating of the loader's diesel engine is 105hp. The loader
operator will earn $34.00/hr including fringe benefits, and diesel fuel
costs $1.20/gal. The interest rate is 10%. How much is hourly equipment
repair cost if annual repair cost of epairs equals 70% of straight line
depreciation? - ANSWERS-$4.00/hr. You need to show work, but I
don't know the formula to use.
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
horsepower rating of the loader's diesel engine is 105hp. The loader
operator will earn $34.00/hr including fringe benefits, and diesel fuel
costs $3.40/gal. The interest rate is 10%. How much is the hourly fuel
cost if the equipment operating factor is 0.5? - ANSWERS-$2.52/hr.
You need to show work, but I don't know the formula to use.
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
END OF
PAGE 2
EXAM 1
A grader has an initial cost of $220,000 and an estimated useful life of
10 years. The salvage value after 10 years of use is estimated to be
$25,000. What is the book value at the end of the second year if the
double declining balance method of depreciation accounting being used?
- ANSWERS-$140,800. You need to show work, but I don't know the
formula to use.
A grader has an initial cost of $220,000 and an estimated useful life of
10 years. The salvage value after 10 years of use is estimated to be
$25,000. What is the book value at the end of the eleventh year if the
MACRS method of depreciation accounting being used? - ANSWERS-
$0
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
horsepower rating of the loader's diesel engine is 105hp. The loader
operator will earn $34.00/hr including fringe benefits, and diesel fuel
costs $1.20/gal. How much is the contractor's hourly ownership cost for
the loader if using time value of money analysis? - ANSWERS-$6.23/hr.
You need to show work, but I don't know the formula to use.
END OF
PAGE 1
, CM 2113 CHAO WANG LATEST
EXAM 1
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
horsepower rating of the loader's diesel engine is 105hp. The loader
operator will earn $34.00/hr including fringe benefits, and diesel fuel
costs $1.20/gal. The interest rate is 10%. How much is hourly equipment
repair cost if annual repair cost of epairs equals 70% of straight line
depreciation? - ANSWERS-$4.00/hr. You need to show work, but I
don't know the formula to use.
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
horsepower rating of the loader's diesel engine is 105hp. The loader
operator will earn $34.00/hr including fringe benefits, and diesel fuel
costs $3.40/gal. The interest rate is 10%. How much is the hourly fuel
cost if the equipment operating factor is 0.5? - ANSWERS-$2.52/hr.
You need to show work, but I don't know the formula to use.
A contractor has purchased a wheel loader for $115,000 and plans to use
it 2,000 per year. The cost of one set of tires is $25,000. At this usage
rate, the contractor anticipates disposing of the loader after using it for
10 years and realizing a salvage value of $35,000. The flywheel
END OF
PAGE 2
