Question: Cullumber uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 349,200 km over its life. Taxi 10

Cullumber uses the units-of-production method to calculate depreciation on its taxicabs.

Cullumber uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 349,200 km over its life. Taxi 10 was purchased on March 1, 2020, for $35,450 and is expected to have a residual value of $530. Taxi 10 was driven 132,240 km in 2020 and 110,410 km in 2021. Cullumber has a December 31 year end. Calculate the depreciation expense on Taxi 10 for 2020 and 2021. Year Depreciation expense 2020 2021 AA LA Textbook and Modia

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