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AACE International CCP certification is a recognized and prestigious certification in the field of cost engineering and cost management. Certified Cost Professional (CCP) Exam certification provides professionals with comprehensive training and knowledge to manage costs effectively throughout the project lifecycle. Achieving the certification is an ideal way to enhance your career prospects, increase your earning potential, and demonstrate your commitment to the cost management profession.

To be eligible for the CCP certification exam, applicants must have a bachelor's degree in a relevant field or have at least eight years of industry experience. Candidates must also meet specific education, training, and experience requirements to ensure they have the necessary skills and knowledge to become a CCP Certified professional. Additionally, candidates must demonstrate their proficiency in core competencies, such as cost estimating and cost engineering techniques, project management, and contract management. Passing the certification exam is a significant achievement that demonstrates an individual's expertise in the field of cost control and management.

The Certified Cost Professional (CCP) Exam certification exam consists of 280 multiple-choice questions and is divided into two parts: Part 1 covers fundamental concepts and practices of cost engineering, while Part 2 focuses on more advanced topics in cost engineering such as risk management, value engineering, and project control systems. CCP exam is administered electronically and is available at testing centers worldwide.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q158-Q163):

NEW QUESTION # 158
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.
How many years will it take to earn $400 in interest on $800 at 4% compounded annually?

• A. 13 years
• B. 10 years
• C. 11 years
• D. 12 years

Answer: B

NEW QUESTION # 159
In order to withdraw $400 at the end of each year for seven years, what amount should be deposited at 6.0% interest to leave nothing in the fund at the end of seven years?

• A. $2,968
• B. $3,357
• C. $2,483
• D. $2,233

Answer: D

Explanation:
To determine the amount that should be deposited today to allow for $400 withdrawals at the end of each year for 7 years at a 6% interest rate, use the present value of an annuity formula:
PV=A×((1-(1+i)-n)i)PV = A imes left(rac{(1 - (1 + i)

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