Expense\ Gasoline(11.1L Per 100KM)($1.87 Per Liter)\ Licence/Registration\ Insurance\ Maintenance\ Tires ($1163 per set that last

41000KM

)\ Parking (60 Months)\ Interest\ Depreciation (STRAIGHT LINE)\ Cost\

$

\

$492

\

$2477

\

$2000

\

$

\

$3060

\

$2430

\

$

\ Fixed/Variable\ Variable\ Fixed\ Fixed\ Variable\ Variable\ Fixed\ Fixed\ Fixed

Jim Gasly is considering purchasing a new car. The price of the car is $39000, and Jim hopes to keep it 5 years and then sell it for $11800. Based on past experience, Jim drives about 10,000km per year and lives in a downtown apartment where they must pay a $51 per month parking fee. Jim has budgeted the following automobile expense items for the next 5 years: Jim Gasly is considering purchasing a new car. The price of the car is $39000, and Jim hopes to keep it 5 years and then sell it for $11800. Based on past experience, Jim drives about 10,000km per year and lives in a downtown apartment where they must pay a $51 per month parking fee. Jim has budgeted the following automobile expense items for the next 5 years