Guide to Calculating Ownership and Operating Costs of Department of Transportation Vehicles and Equipment: An Accounting Perspective (2020) / Chapter Skim
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Pages 30-35
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30 The amount of money to accumulated to pay for future assets is a matter of expert judgement. One approach is to set aside cash equal to the accumulated depreciation of the fleet assets.
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31 The above practice is important for ensuring that maintenance and repair costs are accurate and only reflect the actual wear and tear costs of using the vehicle. The accuracy of this maintenance and repair information is critical when calculating equipment lifecycle ownership costs and determining the optimal equipment replacement criteria.
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32 5.10. Using Vehicle Equivalency Units A related concept for cost comparisons is the VEUs, which is a logical basis for allocating indirect costs by vehicle.
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33 per gallon of gasoline and 24.4 cents per of gallon diesel. Federal aid funds are distributed to states using formulas specified in federal law.
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34 • Overhead. Overhead includes certain equipment costs such as insurance, property taxes, storage, licenses, and recordkeeping.
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35 6. TRACKING COSTS While this Guide is intended to provide guidance on calculating ownership and operating costs for DOT vehicles and equipment, this chapter is included to explain this guidance information within the context of a typical DOT fleet environment.
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