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help Exercise 11-14 (Algo) Identification of Relevant Costs [LO11-1] Kristen Lu purchased a used automobile for $15,850 at the beginning of last year and incurred
help Exercise 11-14 (Algo) Identification of Relevant Costs [LO11-1] Kristen Lu purchased a used automobile for $15,850 at the beginning of last year and incurred the following operating costs: The variable operating cost consists of gasoline, ol, tires, maintenance, and repairs. Kristen estimates that, at her currentrate of usage. the car wil have zero resale value in five years, so the annual straight-line depreciation is $3,170. The car is kept in a garage fora monthly fee. Required: 1. Kristen drove the cat 15,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your onswers to 2 decimol places,) Answer is complete but not entirely correct. 2. Kristen is unsure obout whiether she should use her own cor or rent a cor to go on an extended cross country trip for two weeks duking spring break What costs above are relevant in this decision? (You moy select more thon ane onswer single cilick the box with the quettion mark to produee a check mork for a correct onswer ond double click the box with the question mark to empty the bok foc o wrong onswer. Any boxes left with a question mork will be outomoticolly graded os incorrect)
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