A motor vehicle has annual depreciation of $2,000, oil changes cost $280, automobile insurance cost $420,...

A motor vehicle has annual depreciation of $2,000, oil changes cost $280, automobile insurance cost $420, and license plates cost $140 . What is the annual amount of the total fixed operating cost for this vehicle?

Expert Solution

Calculation of fixed operating cost for vehicle

Fixed operating cost = Depreciation + Oil change cost

=2000+280

=2280

Other expenses of insurance and license plate cost are fixed or standing charges.

jeff jeffy answered 2 years ago

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