Exam Code: CCP
Exam Questions: 191
AACE Certified Cost Professional (CCP)
Updated: 02 Sep, 2026
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Practicing : 1 - 5 of 191 Questions
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 $100,000 is needed to purchase a piece of equipment 3 years from now, how much money needs to be invested today assuming a 10% rate of return (rounded to the nearest thousand)? 

Options :
Answer: C

Question 2

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%. A good description of quantitative data would be as follows:  

Options :
Answer: C

Question 3

As the leas cost engineer for the XYZ Services Company, you have been requested to provide pertinent for an equipment rental decision. The unit price of the food stuffs varies, but an average unit selling process has been determined to be $0.50 cents and the average unit acquisition cost is $0.40 cents. The following revenue and expense relationships are predicted:

It S480 is the target net profit, then the total sales volume (in dollars) is: 

Options :
Answer: B

Question 4

If a project is said to be on a "fast track program/' the fast track method is: 

Options :
Answer: A

Question 5

refers to the process of calculating and reporting the non-monetary functions of the strategic asset portfolio. 

Options :
Answer: D

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