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Kristen Lu purchased a used automobile for $17,150 at the beginning of last year and...

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Accounting

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Kristen Lu purchased a used automobile for $17,150 at the beginning of last year and incurred the following operating costs. Depreciation (517,150 5 years) Insurance Garage rent Automobile tax and license Variable operating cost $ 3,430 $ 1,800 $ 989 $ 470 $ 0.12 per nile The variable operating cost consists of gasoline, od tires, maintenance and repairs, Kristen estimates that at her current rate of usage. the car will have zero resale value in five years, so the annual salght-line depreciation is 53,430 The car is kept in a garage for a monthly fee Required: 1 kinten drove the car 22.000 miles last year. Compute the leverage cost per mile of owning and operating the car (Round your answers to 2 decimal places.) Average fed cost per me Vanate operating cost per me Average cost per me 0.00

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