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What cost would the controller assign to at dec

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Reference no: EM132810268

Crashem Smashem Inc. uses delivery vehicles to transport its goods to retail locations. The controller has determined the average cost for gasoline is $0.20 per km driven. Additional vehicle operating costs are insurance $23,240 per year, routine maintenance $1,250 per month and annual licencing fees $150 per vehicle. The company has 24 vehicle in its fleet, driving a total 155,250 km last year. The company has a Dec 31 year end.

Problem 1: Vehicle 22 was purchased on March 1 and drove 12,375 km during the year, what cost would the Controller assign it to at Dec 31?

Reference no: EM132810268

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