Kristen Lu purchased a used automobile for $8,000 at the beginning of last year and incurred the following operating costs. Depreciation ($8,000 + 5 years) Insurance Garage rent Automobile tax and license Variable operating cost $1,600 $ 1,200 $ 360 $40 $ 0.14 per mile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates, at her current rate of usage car will have zero resale value in five years, so the annual straight-line depreciation is $1,600. The car is kept in a garage for a mo Fee. Average fixed cost per mile Variable operating cost per mile Average cost per mille Required: 1. Kristen drove the car 10,000 miles last year. Compute the average cost per mile of owning and operating the car. Note: Round your answers to 2 decimal places.

Please help me solve both questions

on july 17, 2022, herman places in service a used automobile that cowt $30,000. the car is used 80% for business and 20% for personal use. in 2022, he used the automobile 40% for business and 60% for personal use. herman chooses not to take 179 or additional first-year depreciation. determine the cost recovery recapture for 2023.

Sophia purchased the following assets in 2020. 4-15-20               New Computer                $2,600 7-02-20               Office Furniture               $10,000 10-2-20               Office Equipment            $16,200 Sophia does not want to take any 179-expense deduction or any additional first year depreciation. Calculate the cost recovery for 2020.

kept a record of all auto expenses. She estimates the vehicle's present value at $19,219. Calculate her (a) Chantal Jones purchased a new two-door coupe for $24,590 two years ago. She drove 14,322 miles last year and depreciation, (b) total variable costs, (c) total fixed costs, and (d) cost per mile to operate her vehicle last year. Variable Costs Fixed Costs Gasoline $985.00 $1,576.24 Insurance Oil Changes 71.85 License/registration 125.63 Maintenance 380.30 154.36 Loan Interest Cleaning, tolls and Parking 322.65 Depreciation Total Total b. S a. C. $

Paul Thuse sold his old car for R60 000. He bought the 3 years back for R 120 000. During the 3years he had replaced all 4 tires for R600 each. The capital gain/loss on the disposal of the car is: Select one: a. None of the above as there is no capital gain or loss on the disposal of the vehicle b. R 60 000 gain c. R57 600 loss d. R60 000 loss