Question: Blossom Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 145,000 miles. Taxi 10 cost

Blossom Taxi Service uses the units-of-activity method in computing depreciation on

Blossom Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 145,000 miles. Taxi 10 cost $29,600 and is expected to have a salvage value of $600. Taxi 10 was driven 27,000 miles in 2021 and 33,700 miles in 2022 Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) $ Depreciable cost per unit eTextbook and Media Compute the depreciation for each year. 2021 2022 Depreciation expense tA

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