Chantal Jones purchased a new two-door coupe for $24,590 two years ago. She drove 14,322 miles last year and kept a record of all auto expenses. She estimates the vehicle's present value at $19,219. Calculate her (a) depreciation, (b) total variable costs, (c) total fixed costs, and (d) cost per mile to operate her vehicle last year. Variable Costs Fixed Costs Gasoline $985.00 $1,576.24 Insurance Oil Changes 71.85 License/registration 125.63 Maintenance 380.30 154.36 Loan Interest Cleaning, tolls and Parking 322.65 Depreciation Total Total b. S a. C. S

Chantal Jones purchased a new two-door coupe for $24,590 two years ago. She drove 14,322 miles last year and kept a record of all auto expenses. She estimates the vehicle's present value at $19,219. Calculate her (a) depreciation, (b) total variable costs, (c) total fixed costs, and (d) cost per mile to operate her vehicle last year. Variable Costs Fixed Costs Gasoline $985.00 $1,576.24 Insurance Oil Changes 71.85 License/registration 125.63 Maintenance 380.30 154.36 Loan Interest Cleaning, tolls and Parking 322.65 Depreciation Total Total b. S a. C. S

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 7EB: Kenzie purchased a new 3-D printer for $450,000. Although this printer is expected to last for ten...

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