Vendor: Test Prep
Exam Code: CCE-CCC
Exam Name: Certified Cost Consultant / Cost Engineer (AACE International)
Certification: Test Prep Certifications
Total Questions: 115 Q&A
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Updated on: Jun 18, 2026
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A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
Profits that could not be formally recognized during a specific financial accounting period because the goods and services did not satisfy all the customer's requirements are:
A. Marginal profits
B. Lost profits
C. Incurred profits
D. Postponed profits
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.
All of the following are included in "income tax" calculations except:
A. Annual income
B. Annual expenditures
C. Depreciation
D. Initial cost of investment
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.
You have been asked to provide ETC information to management. Based on the following information,
what is the ETC?
Original Budget = $9,000,000
Actuals to date = $3,513,000
Current estimate at completion = $10,613,000 Actuals for current month = $1,200,000
A. $10,613,000
B. $9,000,000
C. $5,487,000
D. $7,100,000
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