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D Question 15 Use the following information to answer the next two questions: ABC Corp. purchased a used truck for $2000 at the beginning of
D Question 15 Use the following information to answer the next two questions: ABC Corp. purchased a used truck for $2000 at the beginning of last month and incurred the following operating costs: Depreciation ($2000 + 60 months) Insurance Garage rent $33 $ 210 $ 110 $ 60 1 pts Truck tax and license Variable operating costs $ 0.15 per mile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. ABC Corp. estimates that, at the current rate of usage, the truck will have zero resale value in five years (i.e., 60 months), so the monthly straight-line depreciation is $33. The truck is kept in a garage for a monthly fee. ABC Corp. drove the truck 1000 miles last month. Which of the following is closest to the average fixed cost per mile of owning and operating the truck for the last month? $0.55 $0.15 $0.24 $0.41
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