Question: Based on the data provided here, calculate the items requested: (LO6.2) Annual depreciation, $2,500 Annual mileage, 13,200 Current years loan interest, $650 Miles per gallon,

Based on the data provided here, calculate the items requested: (LO6.2)

Annual depreciation, $2,500 Annual mileage, 13,200 Current year’s loan interest, $650 Miles per gallon, 24 Insurance, $680 License and registration fees, $65 Average gasoline price, $3.50 per gallon Oil changes/repairs, $370 Parking/tolls, $420

a. The total annual operating cost of the motor vehicle.

b. The operating cost per mile.

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