Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 5

The Matching Principle: You as a Driver
The purpose of this exercise is to demonstrate the matching principle in a familiar setting.ssume that you own a car that you drive about 15,000 miles each year.
a.ist the various costs to you associated with owning and operating this car.ake an estimate of the total annual cost of owning and operating the car, as well as the average cost-per-mile that you drive.
b.ssume also that you have a part-time job.ou usually do not use your car in this job, but today your employer asks you to drive 100 miles (round-trip) to deliver some important documents.our employer offers to "reimburse you for your driving expenses."
You already have a full tank of gas, so you are able to drive the whole 100.iles without stopping and you don't actually spend any money during the trip.oes this mean that you have incurred no "expenses" for which you should be reimbursed Explain.