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can you please help me with this problem ? Exercise 13-14 (Algo) Identification of Relevant Costs [LO13-1] Kristen Lu purchased a used automobile for $13,200
can you please help me with this problem ?
Exercise 13-14 (Algo) Identification of Relevant Costs [LO13-1] Kristen Lu purchased a used automobile for $13,200 at the beginning of last year and incurred the following operating costs: The variable operating cost consists of gasoline, oll, tires, maintenance, and repalrs. Kristen estimates that, at her cifrent rate of tisage, the car will have zero resale value in five years, so the annual straight-line depreciation is $2,640, The car is kept in a garage for a incrithly fere. Required: 1. Kristen drove the car 17,000 miles last year. Compute the average cost per mile of owning and operating the car, (Round your onswers to 2 decimal places.) Step by Step Solution
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