Document jm2MgXKO9DGz0z0vnKOwpx6np

REQUEST AND AUTHORITY FOR CAPITAL EXPENDITURES / RETIREMENTS DIVISION OR COMPANY Organic Chemical Division LOCATION J.O. CONTROL POINT Chicago, 111, b97 DAT APPROVED JOB ORDER HO. SUMMARY OF AMOUNTS DESCRIPTION LOCAL CURRENCY ESTIMATED PROJECT COST d is ma n t l e me n t e x p e n s e U.S. DOLLARS $7611 ' JOB TITLE TRANSFER EQUIPMENT GROSS AMOUNT FOR APPROVAL $7611 i Purchase company station wagon LESS TRANSFER EQUIPMENT LESS SALVAGE OR TRADE-IN ALLOW. NET CASH `REQUIRED ' ieor-3027) 1000 ..J?f>61.1j RETIREMENT DATA ECONOMIC JUSTIFICATION REVISION DETAIL (CROSS AMTSi. COST AMOUNT 5,579 NET SALES 6*Y EAR AVG. REV. 8 1 DATE AMOUNT CUM. AUTHORIZATION DISMANTLEMENT NET SAVINGS BEFORE TAXES 2 LESS SALVAGE 1,000 NET AFTER TAXES 3 % ROI fON TOTAL INVEST.) 4 TOTAL^ CHARGE RESERVE 4,579 PAYOUT YRS. .5 6 DESCRIPTION AND REASONS REQUIRED Funds of------------------------------------------------------------------;-------------------------------------------------------$6611 are requested to purchase a 1980 Chevrolet Malibu station wagon for the Chicago Plant's transportation requirements. Description Chevrolet Station Wagon Acq. Cost 5,579 Acq, Date 6/76 Disposition Tocbe sold SUMMARY OF ESTIMATED COST - Detoils on GOF-3027 ITEM NO. DESCRIPTION 1 Chevrolet station wagon Illinois Sales & Use Tax Less Salvage ESTIMATE NO. STARTING DATE COMPLETION DATE When approved MATERIALS LABOR ENGINEERING TOTAL 7,180 431. 1,000 7.180 431 1,000 NET CASH REQUIRED ITEM NO. Dr. Dr. Cr. Dr. Cr. ACCOUNTING TREATMENT $7,180 P. P. & E (2A800) $ 431 Expense as incurred $5,579 P. P. & E (61800) $5,579 Res. for Depr. (61800) $1,000 Res. for Depr. (67800) 6,611*. 6,611 DEPR.RATE 20% RECOMMENDATIONS NAME PROJECT SPONSOR AND APPROVALS (c h e c k b o x ) RECi APPR. DATE //~ ACCOUNTING TREATMENT / ECONOMICS APPROVED BY DIV, CONTROLLER [CHECK BOXlESQ 0^0 POST AUOIT PERIOO POST ,AUDIT DUE DATE * Di 5TRI BUTION GENERAL MANAGER VICE-PRESIDENT Description and Reasons Required Funds; of --------------------------------------------------------------------------------------------------------------$7611 are requested for the purchase of a 1980 Chevrolet Malibu station wagon to be utilized for all the Chicago Plant's transportation requirements. Present Situation The only company vehicle at this location, a 1976 Chevrolet Malibu station wagon has been driven 81,000 miles and is in need of exten sive riiaintenance and new tires. Jus tification The vehicle to be replaced, the only one at-the Chicago Plant, is used for all transportation needs which include: A. All medical requirements for the 30 plant employees at the Falk Clinic located eight miles from the plant. B. Pick up of maintenance materials from supply houses 3 to 7 times a week. One way distances range from four to twenty miles. C. Banking and postal requirements. D. Company authorized business meetings. E. Pick-up and transports of plant visitors to and from the airport and/or motels. Use of personal vehicles at a mileage allowance of 17/mile would cost $2000/year and be inconvenient to the employees involved. Mr. C.P. Woehrle, corporate transportation, has developed the data for purchase or lease from Z Frank Chevrolet of Chicago. CYWI 24-0006300 c v a iv A Jvar i x Details of Proposal , Purchase one Chevrolet Malibu station wagon equipped with: Automatic transmission Power steering Power brakes Tinted windows AM Radio Air conditioning Radial tires Side view mirrors Present company station wagon will be sold separately. $1,000. Alternatives Considered A. Continued use of the existing vehicle - the car in service is no longer reliable and the plant must have transportation available at all times. Maintenance cost will be high. B. Lease rather than purchase - economics favor purchase. Risks No operating risks are involved. Concise Summary This is a replacement of a physically exhausted company station wagon. 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