Based on the data provided here, calculate the items requested: Annual depreciation $ 3,000 Annual mileage 15,600 Current year's loan interest $ 750 Miles per gallon 24 Insurance $ 980 License and registration fees $ 165 Average gasoline price $ 3.50 per gallon Oil changes/repairs $ 970 Parking/tolls $ 820 a. Calculate total annual operating cost of the motor vehicle.

Respuesta :

Answer:

Total= $5,960

Explanation:

Giving the following information:

Annual depreciation $ 3,000

Annual mileage 15,600

Current year's loan interest $ 750

Miles per gallon 24

Insurance $ 980

License and registration fees $ 165

Average gasoline price $ 3.50 per gallon

Oil changes/repairs $ 970

Parking/tolls $ 820

Gasoline consumption= 15,600/24= 650 gallons

Annual operating cost:

Interest= 750

Insurance= 980

Licence= 165

Oil changes= 970

Parking= 820

Gasoline= 3.5*650= 2,275

Total= $5,960