H y ' lable Styles Styles Number 1: Identify relevant and irrelevant costs and benefits in a decision (ex.Cynthia's trip/New Machine) Releveant and Irrelevant costs and benefits Cynthia, a Boston student, is considering visiting her friend in New York. She can drive or take the train. By car, it is 230 miles to her friend's apartment. She is trying to decide which alternative is less expensive and has gathered the following information Automobile Costs(based on 10,000 miles driven per year) 1. Annual S-L depreciation on car 2. Cost of gasoline 3. Annual cost of auto insurance and license 4. Maintenance and repairs 5. Parking fees at school 6. Total average cost Relevant of Irrelevant (select between Relevant and Irrelevant) Relevant irrelevant Relevant Irrelevant Relevant Irrelevant Relevant irrelevant Relevant Irrelevant Annual cost of fixed items $ 2,800.00 Cost per mile $ 0.280 $ 0.100 $ 0.138 $ 0.065 $ 0.036 $ 0.619 $ 1,380.00 S 360.00 between Relevant and Irrelevant) Additional Information 7. Reduction in resale value of car per mile of ey Concepts L01 02 103 104 LOS e here to search