The largest fixed expense associated with a new automobile is depreciation.

Question

Quizplus · Accepted Answer

Depreciation is the decrease in value of an asset over time, and it is a significant factor that affects the overall cost of owning a new automobile. As soon as a new car is driven off the lot, it starts to lose value, and this depreciation continues until the car reaches the end of its useful life. Therefore, the largest fixed expense associated with a new automobile is depreciation.

The Largest Fixed Expense Associated with a New Automobile Is