Question: Based on the data provided here, calculate the items requested: Annual depreciation $ 2 , 5 0 0 Annual mileage 1 3 , 2 0

Based on the data provided here, calculate the items requested:
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. Calculate total annual operating cost of the motor vehicle.
b. Calculate operating cost per mile. (Round your answer to 2 decimal places.)

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