Question Description
I'm working on a social science question and need an explanation and answer to help me learn.
Please complete chapter 9 review questions Chapter9 PRICING CONSTRUCTION EQUIPMENT .The Review questions are at the end of chapter 9 and there are 6 questions . The book is Fundamentals of Construction Estimating: Edition 4 David Pratt . I don't have this book
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
Chapter 9 Review Questions
Outline
Thesis Statement: The purpose of the paper is to answer and provide graduate level responses
of chapter 9 review questions.
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Question #1
o Hand tools
o Large equipment
o Special equipment
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Question #2
o Cash surplus
o Credit history
o Depreciation
o Tax
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Question #3
o Advantages
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No need to maintain to have a warehouse for storage purposes
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Absence of long term maintenance of the equipment
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No need to maintain a large inventory of unique plants and equipment
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Access to newer and efficient equipment
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Simple accounting for equipment costs
o Disadvantages
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There is no provision for tax depreciation with rentals. Therefore, no
financial benefits.
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Portrays the company as not being financially strong
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Sometimes, the lessor might hike fees and
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Owners often get too comfortable with rented equipment
Question #4
o Decline in market value
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Question #5
o Does not reflect that depreciation occurs at an accelerated rate initially.
o Does not account for intensive use of the assets.
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Question #6
o Calculation
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Question #7
o Calculation
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Question #8
o Calculation
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Chapter 9 Review Questions
Student Name
Course
Professor’s Name
Institution
Date
CHAPTER 9 REVIEW QUESTIONS
2
Chapter 9 Review Questions
Question #1
The first approach is taking hand tools up to a given value together with the blades, drill
bits, and other consumables used in the project are estimated as a percent of the total price
estimate of the labor. Such percentages can also be known as small tools allowance for add-ons.
Secondly, large equipment items can be shared amongst several activities, especially with
the equipment items that are kept at the job si...