Otis Foster purchased a new two door coupe for 23 690 two

Last updated: 1/30/2023

Otis Foster purchased a new two door coupe for 23 690 two years ago He drove 19 252 miles last year and kept a record of all auto expenses He estimates the vehicle s present value at 18 320 Determine his cost per mile to operate his vehicle last year Variable Costs Gasoline Oil changes Maintenance cleaning parking 1 26 0 17 0 26 0 19 1834 25 71 85 224 90 278 90 Fixed Costs Insurance license reg loan interest 872 112 50 210 00