Question: Blue Spruce 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

Blue Spruce 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 $34,000 and is expected to have a salvage value of $650. Taxi 10 was driven 31,000 miles in 2021 and 23,000 miles in 2022. (a1) Calculate depreciable cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost $ per mile

Blue Spruce 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 $34,000 and is expected to have a salvage value of $650. Taxi 10 was driven 31,000 miles in 2021 and 23.000 miles in 2022 . (a1) Calculate depreciable cost per mile using unit-of-activity method, (Round answer to 2 decimal piaces, eg. 0.50) Depreciable cost $ permile

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Brief Exercise 10-07 a1-a2 Blue Spruce Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 140,000 miles. Taxi no. 10 cost...

Blue Spruce Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi no. 10 cost $ 64,030 and is expected to...

Blue Spruce Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi no. 10 cost $64,030 and is expected to have...

Blue Spruce Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi no. 10 cost $ 64,030 and is expected to...

Kwik Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven141,000miles. Taxi 10 cost $25,200and is expected to have a salvage...

Corales Company acquires a delivery truck at a cost of $43,000. The truck is expected to have a salvage value of $6,000 at the end of its 8-year useful life. Compute annual depreciation expense for...

Current Attempt in Progress Whispering Winds Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 141,000 miles. Taxi no. 10...

Pronghorn Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10 cost $40,100 and is expected to have a...

Current Attempt in Progress Sheridan Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 168,000 miles. Taxi 10 cost $34,300...

Consider the assumptions and answer the following questions. 1. What should the physicians wRVU benchmark/target be such that you can be assured www that his or her reimbursement will cover his or...

(a) A retail chain has 5 stores: A, B, C, D and E in a city. The average number of sales transactions (sales volume) based on a random sample has been calculated for three periods during the day...

In December 2 0 2 2 , Sarasota Corp. decided to issue 1 0 0 , 0 0 0 convertible bonds, maturing in December 2 0 3 2 . The bonds have a face value of $ 1 , 0 0 0 and promise an annual coupon payment...

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

Describe the three broad categories of issues that should be considered to maximize learning

Discuss how knowledge, skill, ability, and attitude influences employee behavior

State how a supervisors leadership and expectations can affect employee behavior