Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Thursday, June 05, 2008

Formulas For Analyzing Vehicle Mileage

With the price of gas up some 30% in a year and little hope that prices will drop significantly in the near future, many individuals and businesses are looking to replace gas guzzlers to save money. But how much will you save? The amount depends on three factors--gas mileage of the old and new vehicles, the number of miles driven during the year, and the price of gas (or diesel). We've worked up two formulas that you can use to quickly compute the savings. Putting the formula in a spreadsheet will not only make the computations easier, you can analyze more vehicles and/or use different assumptions for fuel costs, miles driven, etc.........

A/N Group, Inc.


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