Knight Higgins
06/11/2023 · Elementary School

Complete the problem. Check your answer in the back of the book. 1. DeeDee Farrar purchased a new car 3 years ago for \( \$ 33,500.00 \). Its current value estimate is \( \$ 19,900.00 \). Annual variable costs this year were \( \$ 995.60 \). The cost of insurance this year was \( \$ 2,350.00 \), registration was \( \$ 132.50 \), and loan interest totaled \( \$ 1,080.00 \). She drove 13,540 miles this year. Compute the (a) depreciation, (b) annual fixed costs, and (c) cost per mile.

Upstudy ThothAI Solution

Tutor-Verified Answer

Quick Answer

(a) Depreciation: $13,600 (b) Annual fixed costs: $3,562.50 (c) Cost per mile: $0.33664

Step-by-step Solution

Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text

Enter your question here…

By image
Re-Upload
Uploaded Files
xxxx.png0%
Submit
📸 STUDY CAN BE A REAL STRUGGLE
Why Not UpStudy It?
Select your plan below
Premium

You can enjoy

  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to answer and
    solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic
  • Limited Solutions