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AACE International Updated CCP Exam Questions and Answers by harri

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AACE International CCP Exam Overview :

Exam Name: Certified Cost Professional (CCP) Exam
Exam Code: CCP Dumps
Vendor: AACE International Certification: AACE
Questions: 189 Q&A's Shared By: harri
Question 16

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?

Options:

A.

$64,000

B.

$16,000

C.

$3,200

D.

$60,000

Discussion
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Question 17

An owner advertised his villa for sale. An investor worked out an estimate on the basis mat the villa could be rented out for $1000 per month. Maintenance charges and other taxes are estimated to be $1,500 per year. The tenant has to pay all utility charges. The investor thinks that he can sell this villa for S100.000 alter 6 years. Assuming that the minimum acceptable rate of return is 12%. answer the following question.

The villa could be recommended for purchase at all of the below-mentioned prices except:

Options:

A.

$94,500

B.

$92.800

C.

$90,5000

D.

$93,500

Discussion
Question 18

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.

If you buy a lot for $3,000 and sell it for $6,000 at the end of 8 years, what is your annual rate of return?

Options:

A.

10.4%

B.

9.1%

C.

8.3%

D.

9.9%

Discussion
Question 19

Some of the principles of good communication are:

Options:

A.

Seek to clarify your ideas before communicating; examine the true purpose of each communication; consider the total physical and human setting whenever you communicate; be mindful, while you communicate, of the overtones as well as the basic content of the message

B.

Tell the other person what to do; give insincere praise; psychoanalyze the other person; make light of a serious problem; do not gain the trust of anyone; always have a hidden agenda

C.

Use short words; avoid jargon; avoid acronyms and abbreviations; use complete sentences; have a beginning, middle and end; be accurate; be interested in what topic is being communicated

D.

The social process by which people in a specific situation construct meaning using symbolic behavior

Discussion
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