Free Test Prep CCP Exam Questions
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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: Nov 20, 2024
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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%.
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 4
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You are reporting the following Earned Value Analysis information for the project:
EV= $1,500,000
AC=$1.000,000
PV= $2,000,000
What is the status of the project?
Answer: C
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You are reporting the following Earned Value Analysis information for the project:
EV= $1,500,000
AC=$1.000,000
PV= $2,000,000
What is the status of the project?
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Question 5
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A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data. The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. What information is needed to develop a Class 2 definitive estimate?
Answer: A
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