| Exam Code | CCP |
| Exam Name | Certified Cost Professional (CCP) Exam |
| Questions | 189 |
| Update Date | June 04,2026 |
| Price |
Was : |
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An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed tolast twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generatedwould 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 rightside of your split screen, using the drop down menu, to reference during your response/choice ofresponses.Annual estimated tax would be:
A. $3,869
B. $5,565
C. $10,500
D. $11,925
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed tolast twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generatedwould 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 rightside of your split screen, using the drop down menu, to reference during your response/choice ofresponses.All of the following are included in "income tax" calculations except:
A. Annual income
B. Annual expenditures
C. Depreciation
D. Initial cost of investment
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed tolast twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generatedwould 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 rightside of your split screen, using the drop down menu, to reference during your response/choice ofresponses.Depreciation (in the United States) is calculated in accordance with which of the following?
A. Modified Accelerated Cost Recovery System (MACRS)
B. The Federal IRS Reform Act (FIRSRA)
C. Generally Accepted Accounting Practices (GAAP)
D. Accelerated Cost Recovery System (ACRS)
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 generatedwould 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 rightside of your split screen, using the drop down menu, to reference during your response/choice ofresponses.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
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed tolast twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generatedwould 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 rightside of your split screen, using the drop down menu, to reference during your response/choice ofresponses.What is the 25 year after tax present worth of this project?
A. $13,738
B. $137,466
C. $(22,533)
D. $22,533
Money is value. Having money when you need it is very important. Money can also be valuable whenused wisely by knowing when to spend and when to conserve Also, planning now for futureexpenses can be a plus to the company rather than a debit.There are several ways to capitalize money and spending. Basically there is the single paymentmethod that has a compound amount factor and a present worth factor. There is the uniform annualseries that has a sinking fund factor, capital recovery factor and also the compound amount factorand present worth factor. At this point, we can assure money is worth 10%.The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right sideof your split screen, using the drop down menu, to reference during your response/choice ofresponses. A contractor must purchase a piece of equipment for $150,000. It has an estimated life of 10 yearswith no salvage value at the end. Ten years from now it will be necessary to purchase another pieceof equipment, but this time it will cost $250,000. How much will the contractor need to invest at theend of each year in order to have the right amount?
A. $15,687
B. $12,550
C. $16,273
D. $9,412
Money is value. Having money when you need it is very important. Money can also be valuable whenused wisely by knowing when to spend and when to conserve Also, planning now for futureexpenses can be a plus to the company rather than a debit.There are several ways to capitalize money and spending. Basically there is the single paymentmethod that has a compound amount factor and a present worth factor. There is the uniform annualseries that has a sinking fund factor, capital recovery factor and also the compound amount factorand present worth factor. At this point, we can assure money is worth 10%.The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right sideof your split screen, using the drop down menu, to reference during your response/choice ofresponses.If you are scheduled for a $100,000 payment at the end of each year for the next five years, what isthe equivalent amount if you were to make a lump sum payment now?
A. $162,370
B. $679,397
C. $379,100
D. $500,000
Money is value. Having money when you need it is very important. Money can also be valuable whenused wisely by knowing when to spend and when to conserve Also, planning now for futureexpenses can be a plus to the company rather than a debit.There are several ways to capitalize money and spending. Basically there is the single paymentmethod that has a compound amount factor and a present worth factor. There is the uniform annualseries that has a sinking fund factor, capital recovery factor and also the compound amount factorand present worth factor. At this point, we can assure money is worth 10%.The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right sideof your split screen, using the drop down menu, to reference during your response/choice ofresponses.If the company needs to repay a loan of $100,000 in 10 uniform annual payments, how much willeach payment be?
A. $16,380
B. $16,578
C. $15,937
D. $16,273
Money is value. Having money when you need it is very important. Money can also be valuable whenused wisely by knowing when to spend and when to conserve Also, planning now for futureexpenses can be a plus to the company rather than a debit.There are several ways to capitalize money and spending. Basically there is the single paymentmethod that has a compound amount factor and a present worth factor. There is the uniform annualseries that has a sinking fund factor, capital recovery factor and also the compound amount factorand present worth factor. At this point, we can assure money is worth 10%.The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right sideof your split screen, using the drop down menu, to reference during your response/choice ofresponses.Five years from now it is required the company have $100,000. How much money should be investedat the end of each year to reach this?
A. $15,937
B. $15,397
C. $16,380
D. $13,168
Money is value. Having money when you need it is very important. Money can also be valuable whenused wisely by knowing when to spend and when to conserve Also, planning now for futureexpenses can be a plus to the company rather than a debit.There are several ways to capitalize money and spending. Basically there is the single paymentmethod that has a compound amount factor and a present worth factor. There is the uniform annualseries that has a sinking fund factor, capital recovery factor and also the compound amount factorand present worth factor. At this point, we can assure money is worth 10%.The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right sideof your split screen, using the drop down menu, to reference during your response/choice ofresponses.If $20,000 is invested at the end of each fiscal year for the next 10 years, how much would our totalinvestment be worth assuming the interest is at 10%?
A. $289,370
B. $318,740
C. $265,798
D. $420,236