A Motor Vehicle Has Annual Depreciation of $2,000; Oil Changes

question 56

Multiple Choice

A motor vehicle has annual depreciation of $2,000; oil changes cost $120,automobile insurance $500 annually,and license plates costs $100.What is the annual amount of the total fixed operating cost for this vehicle?

• A)$2,000
• B)$2,120
• C)$2,500
• D)$2,600
• E)$2,720

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