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Gary was driving back to the office from his off-site construction job on Friday. He had put in a long week and just wanted
Gary was driving back to the office from his off-site construction job on Friday. He had put in a long week and just wanted to go home. But a text from William back in the office reminded him to enter his weekly mileagethe accountants needed to finish the company's total fleet expenses for its quarterly income statement-and the performance evaluation meeting was on Monday. Gary was frustrated that his weekend was now going to be delayed because of this data entry business. He wondered why William couldn't just use the fuel cost for the income statement. In the end, Gary complied with William's request and input his mileage information. Gary's mileage was added to the other vehicles' mileage information, with the quarterly totals listed below. Total fleet expenses on the income statement are a combination of the five costs shown here. Vehicle Insurance Registration Fees Fuel Depreciation (Shed & Vehicles) Vehicle Maintenance Miles Driven Q1 $1,600 $1,200 $3,520 $5,000 $3,072 32,000 Q2 1,600 1,200 3,960 5,000 3,204 36,000 Q3 1,600 1,200 3,410 5,000 2,831 31,000 Q4 1,600 1,200 4,070 5,000 3,317 37,000
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