With a rental truck that has a 57-gallon gas tank and gets 9 mpg, you could expect to fill up the loaded U-Haul at least three times along the way (9 mpg x 57 gallon tank = 513 miles per tank and 1547 miles / 513 miles per tank = 3.01 tanks).
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee.
Lower Cost of Market (LCM) These market adjustments can only be made if the dealerâs method of tax accounting is the. lower of cost or market method (LCM). A method of tax accounting must be adhered to from. year to year. If the dealership has not consistently utilized the LCM method they may not do so. in the current year.