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CCP Dumps With Exact Questions and Answers

Exact2pass Provides 100% Valid Certified Cost Professional (CCP) Exam CCP Exam dumps Questions and answers which can helps you to Pass Your Certification Exam in First Attempt.

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CCP 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.

If $50 was invested at 6.0% on January 1, year 1, what would be the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in the fund after the tenth withdrawal?

A.

$6.80

B.

$3.10

C.

$5.35

D.

$2.22

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.

Assuming a 53% tax rate, how much cumulative depreciation will have been claimed at the end of the grain elevator's life span?

A.

None

B.

$42,400

C.

$37,600

D.

$80,000

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.

The main financial objective of many enterprises is:

A.

To maximize the total long-term economic return

B.

Subject to a well-conceived quality control plan

C.

To balance opportunities and risks

D.

Dependent on the backlog projects and the availability of resources

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