Life Span of Machine Calculator

✖Book Value refers to the value of machine which includes cost of equipment, taxes, insurance and carriage charge.ⓘ Book Value [C_bv]			+10% -10%
✖Hourly Depreciation is the depreciation value of new machines chargeable to the work on an hourly basis.ⓘ Hourly Depreciation [D_h]			+10% -10%

✖Life Span (in Hours) refers to the usage period or total life of a machine.ⓘ Life Span of Machine [L_s]

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Life Span of Machine Solution

STEP 0: Pre-Calculation Summary

Formula Used

Life Span = 0.9*Book Value/Hourly Depreciation
L_s = 0.9*C_bv/D_h
This formula uses 3 Variables

Variables Used

Life Span - (Measured in Hour) - Life Span (in Hours) refers to the usage period or total life of a machine.
Book Value - Book Value refers to the value of machine which includes cost of equipment, taxes, insurance and carriage charge.
Hourly Depreciation - Hourly Depreciation is the depreciation value of new machines chargeable to the work on an hourly basis.

STEP 1: Convert Input(s) to Base Unit

Book Value: 4000.01 --> No Conversion Required
Hourly Depreciation: 20.01 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

L_s = 0.9*C_bv/D_h --> 0.9*4000.01/20.01

Evaluating ... ...

L_s = 179.910494752624

STEP 3: Convert Result to Output's Unit

647677.781109445 Second -->179.910494752624 Hour (Check conversion here)

FINAL ANSWER

179.910494752624 ≈ 179.9105 Hour <-- Life Span

(Calculation completed in 00.004 seconds)

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Credits

Created by Chandana P Dev

NSS College of Engineering (NSSCE), Palakkad

Chandana P Dev has created this Calculator and 500+ more calculators!

Verified by Mithila Muthamma PA

Coorg Institute of Technology (CIT), Coorg

Mithila Muthamma PA has verified this Calculator and 700+ more calculators!

< Management of Construction Equipment Calculators

Average Investment when Salvage value is 0

LaTeX Go Average Investment = ((1+Useful Life)/(2*Useful Life))*Capital Cost

Book Value for New Machine

LaTeX Go Book Value = (Hourly Depreciation*Life Span)/0.9

Life Span of Machine

LaTeX Go Life Span = 0.9*Book Value/Hourly Depreciation

Hourly Depreciation

LaTeX Go Hourly Depreciation = 0.9*Book Value/Life Span

Life Span of Machine Formula

LaTeX Go

Life Span = 0.9*Book Value/Hourly Depreciation
L_s = 0.9*C_bv/D_h

What are the factors affecting the Cost of Owning and Operating the Construction Equipment?

The different major costs contributing to the cost of owning and operating construction equipment are as follows:
1. Depreciation Cost
2. Investment Cost
3. Maintenance and Repair Cost
4. Operation Costs
a. Repair charges
b. Depreciation on tyres and tubes
c. Labour charges
d. Fuel charges
e. Operation and maintenance crew charges
f. Miscellaneous supplies
5. Downtime Cost
6. Obsolescence Cost
7. Replacement Cost

What is Depreciation Cost?

Depreciation is defined as the declining value of a machine due to its age, use and obsolescence. After years of working, the machine will be worn-out, and the value becomes scrap value which is 10% less than the book value. This will require a replacement and for that a fund will be built-up, which is termed as depreciation.

How to Calculate Life Span of Machine?

Life Span of Machine calculator uses Life Span = 0.9*Book Value/Hourly Depreciation to calculate the Life Span, The Life Span of Machine formula is defined as the period where the machine or the equipment can be used, or it is serviceable or otherwise the period till which the machine fulfils its purpose. Life Span is denoted by L_s symbol.

How to calculate Life Span of Machine using this online calculator? To use this online calculator for Life Span of Machine, enter Book Value (C_bv) & Hourly Depreciation (D_h) and hit the calculate button. Here is how the Life Span of Machine calculation can be explained with given input values -> 0.05 = 0.9*4000.01/20.01.

FAQ

What is Life Span of Machine?

The Life Span of Machine formula is defined as the period where the machine or the equipment can be used, or it is serviceable or otherwise the period till which the machine fulfils its purpose and is represented as L_s = 0.9*C_bv/D_h or Life Span = 0.9*Book Value/Hourly Depreciation. Book Value refers to the value of machine which includes cost of equipment, taxes, insurance and carriage charge & Hourly Depreciation is the depreciation value of new machines chargeable to the work on an hourly basis.

How to calculate Life Span of Machine?

The Life Span of Machine formula is defined as the period where the machine or the equipment can be used, or it is serviceable or otherwise the period till which the machine fulfils its purpose is calculated using Life Span = 0.9*Book Value/Hourly Depreciation. To calculate Life Span of Machine, you need Book Value (C_bv) & Hourly Depreciation (D_h). With our tool, you need to enter the respective value for Book Value & Hourly Depreciation and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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