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2. Nikolai Rakov leases a vehicle for $399.00 a month for 48 months. He pays a deposit of $1,225.00, an $85.00 title fee, and
2. Nikolai Rakov leases a vehicle for $399.00 a month for 48 months. He pays a deposit of $1,225.00, an $85.00 title fee, and a $160.00 license fee. The lease stipulates a $0.20 per mile for all miles more than 60,000 driven. If he drives the vehicle 68,515 miles, what is the total cost of leasing the vehicle?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
131495380, 978-0131495388
