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AACE International CCP Exam With Confidence Using Practice Dumps

Exam Code:
CCP
Exam Name:
Certified Cost Professional (CCP) Exam
Certification:
Questions:
189
Last Updated:
Mar 13, 2025
Exam Status:
Stable
AACE International CCP

CCP: AACE Exam 2025 Study Guide Pdf and Test Engine

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Certified Cost Professional (CCP) Exam Questions and Answers

Question 1

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.

Depreciation (in the United States) is calculated in accordance with which of the following?

Options:

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)

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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.

Which of the following would NOT be considered part of a project cost and schedule forecast?

Options:

A.

Usage of contingency

B.

Current trends of time and money

C.

Peripherals report

D.

Changes to the project execution plan

Question 3

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.

Which of the following should be included in the life-cycle cost analysis of a power plant?

Options:

A.

Construction cost, operating cost, maintenance cost

B.

Factory expenses, distribution expenses, mark-up

C.

Capacity factor, end product units, physical dimensions

D.

Resources, work activities, final cost objects