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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Kristen Lu purchased a used automobile for $25,950 at the beginning of last year and incurred the following operating costs:
 Â
| Â | Â |
|   Depreciation ($25,950 Af· 5 years) | $5,190 |
| Â Â Insurance | $2,700 |
| Â Â Garage rent | $1,400 |
| Â Â Automobile tax and license | $710 |
| Â Â Variable operating cost | $0.10 per mile |
| Â | |
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The variable operating cost consists of gasoline, oil, 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 straight-line depreciation is $5,190. The car is kept in a garage for a monthly fee.

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