Operating Cost Method. Operating costs are incurred for every hour the machine is put to work and include the costs of repairs fuel preventive maintenance tires or tracks and wear parts [6] Not included in operating costs are the labor wages of the operator or mobilization and demobilization costs.
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FBT – Operating Cost Method Fleet cars – ‘simplified’ log book method The Tax Office has approved the use of a log book average business use Operating cost formula for calculating the FBT value of a car fringe benefit Total Vehicle Costs include deemed Depreciation From 1 April 2008 the.
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Operating costing is a method of ascertaining cost of providing or operating a service In this method cost is determined in the same way as in the unit costing method or output costing method by preparing a cost sheet Operating costing method is applied in undertakings which provide service or fall in the category of public utilities.
Can the operating cost method be used if no logbook has
Total Cost = ($87236 * 3290) + $9636335 Total Cost = $2966429 Explanation Although the high low method is easy to calculate and helps us in forecasting future costs it is not very commonly used because it has certain limitations.
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Question Transcript choose the best alternatibe based on benefit/cost method Alternatives User cost Operating cost Capital 350 150 2 1 250 180 2 300.
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your employee notifies you in writing before the end of the tax year to use this method If all of these conditions are met calculate the operating expense benefit of the automobile at half of the standby charge before deducting any payments (reimbursements) your employee or a person related to your employee makes In some cases this optional calculation may result in a higher.