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PLEASE answer. I will give a good rate Exercise 1314 (Algo) Identification of Relevant Costs [LO13-1] Kristen Lu purchased a used automobile for $25,950 at
PLEASE answer. I will give a good rate
Exercise 1314 (Algo) Identification of Relevant Costs [LO13-1] Kristen Lu purchased a used automobile for $25,950 at the beginning of last year and incurred the following operating costs: The varlable operating cost consists of gasoline, oll, tires, maintenance, and repalrs. Kristen estimates that, at her current rate of usage, the car will have zero resale value In five years, so the annual straight-IIne depreciation is $5,190. The car is kept in a garage for a monthly fee. Required: 1. Kristen drove the car 25,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.) 2. Kristen is unsure about whether she should use her own car or rent a car to go on an extended cross-country trip for two weeks during spring break. What costs above are relevant in this decision? (You may select more than one answer. Single cllck the box with the questlon mark to produce a check mark for a correct answer and double cllck the box wlth the questlon mark to empty the box for a wrong answer. Any boxes left with a questlon mark will be automatically graded as incorrect.)Step by Step Solution
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