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Latest AACE International CCP Practice Questions BY Waller

Question 1

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

In the A relationship, the subcontractor might use an unbalance bid to:

  • A. To get more payment early in the job
  • B. Decrease the chances of extended claim litigation
  • C. Reduce the risk of quantities being greater than estimated
  • D. Provides an alternative to competitive bidding
Question 2

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.

All of the following are included in "income tax" calculations except:

  • A. Annual income
  • B. Annual expenditures
  • C. Depreciation
  • D. Initial cost of investment