Chichi purchased a used Honda CRV for RM8,000 at the beginning of last year and incurred the following operating costs: RM 1,600 RM 1,200 Depreciation (RM8,000/5 years) Insurance Parking space fee Road tax and license Variable operating cost RM 360 40 RM RM 0.14 per km The variable operating cost consists of petrol, oil, tyres, maintenance and repairs. Chichi estimates that, at her current rate of usage, the car will have zero resale value in five (5) years, so the annual straight-line depreciation is RMI,600. Chichi pay the parking space for a monthly fee. REQUIRED: (a) Chichi drove the car 10,000 km last year. Compute the average cost per km of owning and operating the car. arks

Chichi purchased a used Honda CRV for RM8,000 at the beginning of last year and incurred the following operating costs: RM 1,600 RM 1,200 Depreciation (RM8,000/5 years) Insurance Parking space fee Road tax and license Variable operating cost RM 360 40 RM RM 0.14 per km The variable operating cost consists of petrol, oil, tyres, maintenance and repairs. Chichi estimates that, at her current rate of usage, the car will have zero resale value in five (5) years, so the annual straight-line depreciation is RMI,600. Chichi pay the parking space for a monthly fee. REQUIRED: (a) Chichi drove the car 10,000 km last year. Compute the average cost per km of owning and operating the car. arks

Name: Chichi purchased a used Honda CRV for RM8,000 at the beginning of las
Uploaded: 2024-03-05T11:50:36.000Z
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Description: Chichi purchased a used Honda CRV for RM8,000 at the beginning of last year andincurred the following operating costs:В.Depreciation (RM8,000 /5 years)InsuranceParking space feeRoad tax and licenseRM 1,600RM 1,200RM 36040RMVariable operating costRM

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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