Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $6.10 per mile C. $0.23 per mile $400.00 $400.00 $90.00 $100.00 20% mile over the course of a year for a $30,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $1.10 per mile D. $0.70 per mile

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the correct answer please
ning a Vehicle
Expense
Gas
Insurance
Oil
Registration
Depreciation
Yearly cost
or rate
A. $6.10 per mile
C. $0.23 per mile
$400.00
$400.00
$90.00
$100.00
20%
D03-2023 International Academy of Science. All Rights Reserved.
O
What is the cost per
mile over the course of
a year for a $30,000 car
that depreciates 20%,
with costs shown in the
table, and that has
been driven for 10,000
miles?
B. $1.10 per mile
D. $0.70 per mile
dhy
Transcribed Image Text:ning a Vehicle Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $6.10 per mile C. $0.23 per mile $400.00 $400.00 $90.00 $100.00 20% D03-2023 International Academy of Science. All Rights Reserved. O What is the cost per mile over the course of a year for a $30,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $1.10 per mile D. $0.70 per mile dhy
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