Annual depreciation $ 2,600 Annual mileage 20,400 Current years loan interest $ 1,100 Miles per gallon 24 Insurance $ 1,090 Average gasoline price $ 3 40 per gallon License and registration fees $ 74 Oil changes repairs $ 464 Parking tolls $ 496 (a) Compute the total annual operating cost of the mo...

Annual depreciation $ 2,600 Annual mileage 20,400 Current years loan interest $ 1,100 Miles per gallon 24

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Annual depreciation	$	2,600	Annual mileage		20,400
Current year’s loan interest	$	1,100	Miles per gallon		24
Insurance	$	1,090	Average gasoline price	$	3.40	per gallon
License and registration fees	$	74	Oil changes/repairs	$	464
Parking/tolls	$	496

(a)

Compute the total annual operating cost of the motor vehicle. (Round your answers to the nearest whole dollar.)

(b)

Compute the operating cost per mile. (Input your answer in cents rounded to 1 decimal place.)

Related Book For answer-question

South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young

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Posted Date: Apr 03, 2024 07:06 AM

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Annual depreciation $ 2,600 Annual mileage 20,400 Current years loan interest $ 1,100 Miles per gallon 24

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South-Western Federal Taxation 2018 Comprehensive

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