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Certification CCP Dumps | Practice CCP Exam Fee

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AACE International regularly conducts CCP certification courses and exams in various locations worldwide. CCP examination is a rigorous 231-question multiple-choice examination that tests the candidate's knowledge, skills, and abilities in cost engineering and cost management. CCP examination covers various topics including cost engineering processes and techniques, project management, engineering economics, cost estimation and budgeting, risk management, claims analysis and dispute resolution, and professional practices.

AACE International CCP certification is an important career milestone for anyone working in the field of cost engineering or project management. It demonstrates a professional’s commitment to achieving excellence and sets them apart from their peers. With the vast range of topics covered in the CCP Exam, it’s an opportunity to gain a deeper understanding of the field and to prove one’s skillset to the industry.

The CCP certification exam is a rigorous and challenging process that requires a strong commitment to learning and professional development. However, professionals who earn the CCP certification demonstrate to employers and clients that they are experts in cost engineering and committed to delivering high-quality results.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q161-Q166):

NEW QUESTION # 161

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the cost of manufacturing labor for the piece of equipment today?

• A. $105,000
• B. $140,000
• C. $210,000
• D. $875,000

Answer: B

NEW QUESTION # 162
An American company plans to acquire a new press machine from a Dutch manufacturer under the following conditions. One question remaining to be answered is the expected amount of capital recovery when salvage is accounted for.

The following question requires your selection of Scenario 1.4.150 from the right side of your split screen. using the drop down menu, to reference during your response/choice of responses.
Using normally accepted engineering economic practices, what are the two expected methods that should be used to determine the capital recovery costs for the new press?

• A.
• B.
• C.
• D.

Answer: A

Explanation:
To calculate the capital recovery costs for the new press machine, which includes the salvage value, the correct method is to use the approach in Option B:
Annual Depreciation: This represents the cost of the equipment spread over its useful life.
Annual Equivalent Interest: This accounts for the interest on the capital cost over time, which is necessary when considering the cost of capital.
Thus, the correct formulas provided in Option B are:
(1) C.R. = annual depreciation + annual equivalent interest
(2) C.R. = P(A/P, i%, N) - F(A/F, i%, N)
These formulas are typically used in engineering economics to assess capital recovery when both depreciation and interest are considered, along with the salvage value. Therefore, the correct answer is B. Option B.

NEW QUESTION # 163

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:

• A. Steel
• B. None of the above
• C. Copper
• D. Manufacturing labor

Answer: D

NEW QUESTION # 164
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?

• A. Modified Accelerated Cost Recovery System (MACRS)
• B. The Federal IRS Reform Act (FIRSRA)
• C. Accelerated Cost Recovery System (ACRS)
• D. Generally Accepted Accounting Practices (GAAP)

Answer: A

Explanation:
Given Scenario:
The question asks about the system used in the U.S. for calculating depreciation.
The Modified Accelerated Cost Recovery System (MACRS) is the current system used in the United States for calculating depreciation for tax purposes.

NEW QUESTION # 165
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 25 year after tax present worth of this project?

• A. $137,466
• B. $(22,533)
• C. $13,738
• D. $22,533

Answer: A

Explanation:
To calculate the 25-year after-tax present worth of this project, we need to consider the income, expenses, depreciation, and taxes.
First, calculate the annual depreciation:
Depreciation=Initial CostLife=80,00025=3,200 ext{Depreciation} = rac{ ext{Initial Cost}}{ ext{Life}} = rac{80,000}{25} = 3,200Depreciation=LifeInitial Cost​=2580,000​=3,200 Now, calculate the taxable income each year:
Taxable Income=Revenue-Expenses-Depreciation=22,500-12,000-3,200=7,300 ext{Taxable Income} = ext{Revenue} - ext{Expenses} - ext{Depreciation} = 22,500 - 12,000 - 3,200 = 7,300Taxable Income=Revenue-Expenses-Depreciation=22,500-12,000-3,200=7,300 Calculate the tax:
Tax=Taxable Income×Tax Rate=7,300×0.53=3,869 ext{Tax} = ext{Taxable Income} imes ext{Tax Rate} = 7,300 imes 0.53 = 3,869Tax=Taxable Income×Tax Rate=7,300×0.53=3,869 Net income after tax:
Net Income=Taxable Income-Tax=7,300-3,869=3,431 ext{Net Income} = ext{Taxable Income} - ext{Tax} = 7,300 - 3,869 = 3,431Net Income=Taxable Income-Tax=7,300-3,869=3,431 Add back depreciation (since it's a non-cash expense):
Cash Flow=3,431+3,200=6,631 ext{Cash Flow} = 3,431 + 3,200 = 6,631Cash Flow=3,431+3,200=6,631 Finally, calculate the present worth using the formula for the present worth of an annuity:
Present Worth=6,631×(1-(1+0.10)-250.10)≈137,466 ext{Present Worth} = 6,631 imes left(rac{1-(1+0.10)