$3.$ There are a number of advantages and disadvantages associated with centralizing the equipment division. Please list two advantages and the two corresponding disadvantages.

$4.$ Equipment assets require to be managed throughout their lifecycle. Decentralization in the extreme can cause the fleet to become an over exploited wasteland in an organization focused entirely on short$$term results.

True

False

$5.$ Concerning internal rates, owning and operating costs occur as large expenditures that can be expensed right away and not spread over the life of the machine.

True

False

$6.$ Explain the difference between cost and charges while considering money flows through an organization regarding equipment accounting functions.

$7.$ List the six main cost categories and sub$-$accounts related to equipment accounting are:

$8.$ Explain the three cornerstones of every successful equipment management operation.

$9.$ Explain what is meant when by $$us versus them$$ problem existing between equipment and operations. Include in your answer five of the seven ideas that can be performed to strengthen and foster a partnership between equipment and operations

$10.$ Explain the difference in owning and operating costs.

$11.$ The only way to calculate the estimated owning and operating costs of a machine is to wait until you have sold it$,$ add up all the money spent and divide by the hours worked.

True

False

$12.$ List and explain three reasonable steps that may be used to improve estimates for rate calculations

$13.$ List three steps to develop a systemic process for turning available data into the information required to make the best possible estimates of residual value.

$14.$ Please explain when a machine should be sold and how much should it be worth?

$15.$ Name, define and describe the differences in book depreciation, tax depreciation, and market depreciation.