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risten Lu purchased a used automobile for $17,600 at the beginning of last year and...

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Accounting

risten Lu purchased a used automobile for $17,600 at the beginning of last year and incurred the following operating costs:
Depreciation ($17,600-: 5 years) $ 3,520
Insurance $ 1,800
Garage rent $ 1,000
Automobile tax and license $ 480
Variable operating cost $ 0.13 per mile
The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $3,520. The car is kept in a garage for a monthly fee.
Required:
Kristen drove the car 17,000 miles last year. Compute the average cost per mile of owning and operating the car.
Note: Round your answers to 2 decimal places.

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