imburses him at 1.80 per km. He claims that the re-imbursement should be at higher amount. A or Q2: Mr. X, an employee of a company, uses his own car for official purposes and the company re- soutiny of expenses incurred on car reveals the following: 1. Oil change 120 (every 4,800 kilometers) 2. Maintenance 1,800 (every 9,600 kilometers) 3. Yearly Insurance Premium 34,000. OM cost of the car is 21,08,000. The residual value after useful life of 3 years is 760,000. 5 Petrol price is 5 per litre and 8 kilometers are traveled on one litre. We X travels an average of 192 kilometers in a day, works 5 days in a week, has 16 days vacation in a ver and spends 15 working days a month in the office. Total 365 days in a year. Required : (a) Determine an equitable rate of re-imbursement, (b) Number of kilometers that have to be traveled per day to break-even at the current rate of reimbursement