QUESTION 3 Bob Lee does not drive his car to work but prefers to travel by train to his 5-day week job. Instead of buying daily tickets he finds it cheaper to buy a quarterly season ticket which costs $188 for 13 weeks Nancy, an acquaintance, who also makes the same journey, suggests that they both travel in Bob's car and offers to give him $120 each quarter towards his car expenses. Except for weekend travelling and using it for local college attendance near his home on three evenings each week to study Strategic Management Accounting, the car remains in Bob's garage. Bob estimates that using his car for work would involve him, for each quarter, the following expenses: Depreciation (proportion of annual figure) Petrol and oil 200 128 52 Tyres and miscellaneous You are required to state whether Bob should accept Nancy's offer and to draft a statement to show clearly the monetary effect of your conclusion