Velma's Dad
Super Poster
VIP Member
If I may, it's a rather odd accounting layout: the "Total Cumulative Cost" - £113,901 at end 2019 - is obviously nothing of the sort. Even if you drove the van off a pier tomorrow and got no insurance back, your total costs incurred could have been the original cost of the van (okay, plus financing costs if any), plus the lifetime variable running costs.
Your actual cumulative costs have been roughly:
£46k purchase
+ £27k running
less £29k current value
---------------------------
= 44k
or £5.5k per year over 8 years
Back to management accounting school for you, my boy.
The good news is though, the Cali hasn't cost you half as much as you thought!
Your actual cumulative costs have been roughly:
£46k purchase
+ £27k running
less £29k current value
---------------------------
= 44k
or £5.5k per year over 8 years
Back to management accounting school for you, my boy.
The good news is though, the Cali hasn't cost you half as much as you thought!