Rocky bought a used car four years ago for 459000 cash, Ask an Expert

Economics

Rocky bought a used car four years ago for $4,590.00 cash (Rocky did not take out a car loan). Currently the car is valued at &2,227.00. This year Rocky drove his car 9,999 miles. He paid $977.12 for his annual insurance and $101.00 for the car's registration. Annual variable costs this year included $1,449.13 for gas, $38.19 for oil and filters, and $440.64 for a brake repair. Calculate the car's depreciation and this year's cost per mile.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91915864

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