Vendor: AACE International
Certifications: AACE Certification
Exam Name: Certified Cost Professional (CCP) Exam
Exam Code: CCP
Total Questions: 115 Q&As
Last Updated: Mar 27, 2023
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CCP Online Practice Questions and Answers
Budgeted cost of work scheduled is all of the following except:
A. Total costs incurred in accomplishing work in a given-time period
B. Baseline for performance measurement
C. Sum of the budgets for work scheduled
D. Includes portion of the budget for level-of-effort work
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures
were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the "book value (BV) of the asset at the end of 5 years?
A. $64,000
B. $16,000
C. $3,200
D. $60,000
If you deposit $100 per month for two (2) years and earn interest at 12% APR (Annual Percentage Rate) compounded monthly, how much will you have at the end of the period?
A. $2,424
B. $2,976
C. $2,688
D. $2,697
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