Schaum's 9-10-11 Assigned Questions (2)

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New Jersey Institute Of Technology *

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Industrial Engineering

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Apr 3, 2024

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Assignment: Week 15 Assigned Questions = Course IE 492 Engineering Management Instructor Prof. Ankush Karnik Type Individual Assignment Week Due Week 7 Chapters Covered Schaum’s, Chapter 9,10, & 11 Details: Instructions: Please review the discussion question below and describe the steps you would take to evaluate the situation. I am looking for steps, calculations, and for the reasoning behind your approach as well.Your answer should clearly list out all steps and indicate your answer. If there are any assumptions you are making, please list them as well. The assignment should not be more than one typed page –single-spaced – no less than 10pt font size. Please reach out to me in case there are any questions regarding this assignment. Please do not wait until the last minute. This assignment is due by Friday, March 1, 2024 11:59 pm . After this time it will be a late submission and points will be deducted. I will NOT be accepting assignments via email. Submission: Please submit your response in Canvas. The system will allow you to either upload a file or type text. However, I would strongly recommend that you upload a ‘Word Document’ with your response. Please label the file LastName–FirstName–IE492-Section#-Week7DiscussionQuestions.doc Discussion Questions: Question A: Your company is planning to procure a machine which is expected to be used for several years, after which it will be replaced by another machine. How would you KARNIK - IE 492
determine *when* Is the right time for a replacement? What components/calculations would you consider in coming up with a recommendation? Question B: A company is planning to purchase equipment for $500,000. The company expects the machine to have a salvage value of $25,000 at the end of the useful life which is expected to be 25 years. Create a depreciation schedule for this equipment based on the Straight-Line method. Question C: How would the depreciation schedule be affected in Question B, if the actual annual operating costs for the machine are higher than the expectations? KARNIK - IE 492
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