Machinery Costs Flashcards
1
Q
What are 4 fixed costs of machinery?
A
Depreciation
Interest
Tax and insurance
Shelter
2
Q
What are four running costs of machinery?
A
Fuel
Oil
Repairs and maintenance
Labour
3
Q
What is the operating costs?
A
Fixed costs + running costs
4
Q
What are three factor affect depreciation on machinery
A
Age
Wear and tear
Obsolescence
