Question: Brief Exercise 9-8 Blossom uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 348,200 km over its

Brief Exercise 9-8 Blossom uses the units-of-production method to calculate depreciation

Brief Exercise 9-8 Blossom uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 348,200 km over its life. Taxi 10 was purchased on March 1, 2017, for $35,280 and is expected to have a residual value of $460. Taxi 10 was driven 126,050 km in 2017 and 106,470 km in 2018. Blossom has a December 31 year end. Calculate the depreciation expense on Taxi 10 for 2017 and 2018 Year Depreciation expense 2017 2018 $

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