Current Attempt in Progress On January 1, 2020, the Culver Company leder shows Equipment $36,000 and Accumulated Depreciation Equipment $10,100 The depreciation resulted from using the straight-line method with a useful life of 7 years and salvage value of $3.500. On this date the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation Revised annual depreciation $ Pina Colada Company sells equipment on September 30, 2020, for $18.900 cash. The equipment originally cost $73,100 and as of January 1, 2020 had accumulated depreciation of $41.800. Depreciation for the first months of 2020 is $5,650. Prepare the journal entries to lal update depreciation to September 30, 2020, and the record the sale of the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit la) (b) Tawthook and Media Culver Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 156,000 miles. Taxi no. 10 cost $38,640 and is expected to have a salvage value of $1.200. Taxi na 10 is driven 35.600 miles in year 1 and 20.200 miles in year 2 (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, eg: 0.50) Depreciation cost $ per mile e Textbook and Media