Question: Brief Exercise 9-8 Crane uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 338,400 km over its

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

Brief Exercise 9-8 Crane uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 338,400 km over its life. Taxi 10 was purchased on March 1, 2017, for $34,310 and is expected to have a residual value of $470. Taxi 10 was driven 126,660 km in 2017 and 98,540 km in 2018. Crane 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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