Compute the requested operating costs as indicated, based on the table below and the information that follows.
First Year Second Year Third Year
(14,500 miles) (13,000 miles) (11,500 miles)
V-8 Six-cyl. V-8 Six-cyl. V-8 Six-cyl.
Sedan Compact Sedan Compact Sedan Compact
Depreciation
Cents Per
Mile
8.5
4.6
4.0
5.9
3.4
Repairs and
Maintenance
Cents Per Mile
10.7
0.7
1.0
|
Gas and Oil
Cents Per Mile
21
Insurance
Cents Per Mile
1.1
1.1
Federal and
State Taxes
and Foes
Cents Per Mile
2.2
1.6
0.8
0.8
Total Costs
Conts Per
Mile
$2,352
16
$1,621
11.2
$1,795
13.8
$1,329
10.2
$1,655
14.4
$1,222
10.6
Car = V-8 sedan
Year driven = third
Miles driven = 10,000
The depreciation for this vehicle using method 2 will be $