Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 11.00

Kristen Lu

Kristen Lu purchased a used automobile for $25,950 at the beginning of last year and incurred the following operating costs:

  

   
  Depreciation ($25,950 Af· 5 years) $5,190
  Insurance $2,700
  Garage rent $1,400
  Automobile tax and license $710
  Variable operating cost $0.10 per mile
 

  

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.


Answers

(5)
Status NEW Posted 17 Aug 2017 07:08 PM My Price 11.00

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