Question: Blossom Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 149,000 miles. Taxi 10 cost

Blossom Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 149,000 miles. Taxi 10 cost $34,000 and is expected to have a salvage value of $1,220. Taxi 10 was driven 35,000 miles in 2021 and 23,000 miles in 2022.

Compute the depreciation for each year.

Year 1 Year 2

Depreciation $

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