Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need some help answering this question 8. Otto Ryde purchases a used sports car on December 31, 2011, for $9500. During the year 2012

I need some help answering this question

image text in transcribed
8. Otto Ryde purchases a used sports car on December 31, 2011, for $9500. During the year 2012 he drives 15,000 kilometres. If the fuel consumption of the sports car is 8.9 L/100 km, and his average cost of gasoline during the year is $1.24 per litre, calculate the following: a) the cost of gasoline during the year 2012 (1 mark) b) the depreciation of the sports car during 2013 (2 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry

Authors: Cynthia Y Young

5th Edition

1119820928, 9781119820925

More Books

Students also viewed these Mathematics questions