Business, 26.01.2021 05:50, brianaponds01ow1c2g
Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 144,000 miles. Taxi 10 cost $29,000 and is expected to have a salvage value of $200. Taxi 10 was driven 31,000 miles in 2021 and 33,500 miles in 2022.
Determine the depreciation cost. (Round answer to 2 decimal places, e. g. 1.25.) per unit
Depreciable costs
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Compute the depreciation for each year. 2021 2022
Depreciation expense $
Answers: 2
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Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs....
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