A motor vehicle has annual depreciation of $1,600; oil changes cost $140, automobile insurance $700 annually, and license plates costs $100. What is the annual amount of the total fixed operating cost for this vehicle

$2,400

Explanation:

The total fixed operating cost is calculated as;

= Depreciation charges + Automobile insurance + License plates costs

= $1,600 + $700 + $100

= $2,400

Therefore, the total fixed operating for the vehicle is $2,400

• Note that oil changes cost is not part of total operating fixed costs hence not included.

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation:

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