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Kristen Lu purchased a used automobile for $20,650 at the beginning of last year and incurred the following operating co
Posted: Sun Apr 17, 2022 7:02 pm
by answerhappygod
- Kristen Lu Purchased A Used Automobile For 20 650 At The Beginning Of Last Year And Incurred The Following Operating Co 1 (31.42 KiB) Viewed 48 times
Kristen Lu purchased a used automobile for $20,650 at the beginning of last year and incurred the following operating costs: $ 4,130 $ 2,200 $ 1,100 $ 570 5 0.06 per nile Depreciation ($20,6505 years) Insurance Garage rent Automobile tax and license Variable operating cast The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs Kristen estimates that, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $4.130. The car is kept in a garage for a monthly fee Required: 1. Kristen drove the cat 20.000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) Average feed cost per mile Variable operating cost per mile Average cost per mile