Samantha Ringer purchased a used automobile for $20, 650 at the beginning of last year...
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Accounting
Samantha Ringer purchased a used automobile for $20, 650 at the beginning of last year and incurred the following operating costs: The variable operating costs consist of gasoline, oil, tires, maintenance, and repairs Samantha estimates that at her current rate of usage the car will have zero resale value in five years, so the annual straight-line depreciation is $4.130 The car is kept in a garage for a monthly fee. Required: Samantha drove the car 20,000 miles last year Compute the average cost per mile of owning and operating the car (Round your intermediate and final answer to 2 decimal places) Average cost per mile Samantha 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 casts above are relevant n this decision? (You may select more than one answer. Single click the box with the question mark to produce check mal correct answer and double click the box with the question mark to empty the box for a wrong answer.)
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