Free Test Prep CCP Exam Questions
Absolute Free CCP Exam Practice for Comprehensive Preparation
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Test Prep CCP Exam Questions
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Provided By: Test Prep
- Exam: AACE Certified Cost Professional (CCP)
- Certification: AACE
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Total Questions: 191
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Updated On: Jan 08, 2025
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Rated: 4.9 |
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Online Users: 382
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Question 1
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%.
The value of the truck at the end of year five (5) would be:
Answer: A
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%.
The value of the truck at the end of year five (5) would be:
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Question 2
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%. A good description of quantitative data would be as follows:
Answer: C
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%. A good description of quantitative data would be as follows:
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Question 3
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%. A good description of quantitative data would be as follows:
Answer: C
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%. A good description of quantitative data would be as follows:
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Question 4
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%. A good description of quantitative data would be as follows:
Answer: C
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A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be
$65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see
an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses
straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value.
Management would like to see a 10% return on any investment. The company's tax rate is 28%. A good description of quantitative data would be as follows:
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Question 5
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After collecting the control information on a light rail project within an original budget of 200.000 work
hours, the construction contractor is ready for their monthly progress meeting with the client.
A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000
work hours paid. The stated progress by the contractor is 60%.
How does the project stand?
Answer: C
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After collecting the control information on a light rail project within an original budget of 200.000 work
hours, the construction contractor is ready for their monthly progress meeting with the client.
A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000
work hours paid. The stated progress by the contractor is 60%.
How does the project stand?