New Jersey Department of Transportation
Specification Details, MagikMe Equipment Cost Recovery (Rental Rate Blue Book)
Cost Recovery Rate
Regional Adjustment Required?
1.00
Model Year Adjustment Required?
Yes
Rate Used for Reimbursement:
FHWA
((Monthly Ownership x 1.00 x Model Year Adjustment)/176 x 1.00) + (Hourly Operating x 1.00)
% Used:
Ownership Rate
Ownership Rate
% Used:
Operating Rate
Operating Rate
NOTE: All adjustments above are already stored in the system when you select the DOT from the drop down list.
Cost Recovery Rate: Standby Use
Regional Adjustment Required?
None
Model Year Adjustment Required?
Yes
Standby Use Formula:
((Monthly Ownership x 1.00 x Model Year Adjustment)/176) x .50
% Used:
Ownership Rate
Ownership Rate
