Which of the Following Costs Related to a Company Car

question 6

Multiple Choice

Which of the following costs related to a company car would NOT be expensed?

• A) The cost to install an engine with higher horsepower
• B) The cost to change car's oil
• C) The cost to replace a broken windshield
• D) The cost of new tires

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Definitions:

Explicit Agreement

A clear and specific understanding or arrangement defined by express terms, typically in writing or spoken words.

Option To Return

A contractual right allowing one party to return a product, asset, or property to the other party under specified conditions.

Risk

The exposure to danger, harm, or loss, whether physical, financial, or emotional, arising from uncertain or unforeseeable events.

Buyer

An individual or entity that makes a purchase or agrees to purchase goods or services.