Question: Exercise 9.13 (Algo) Units-of-Output Method (LO9-4) During the current year, Central Auto Rentals purchased 60 new automobiles at a cost of $18,900 per car. The

Exercise 9.13 (Algo) Units-of-Output Method (LO9-4) During the current year, Central Auto Rentals purchased 60 new automobiles at a cost of $18,900 per car. The cars will be sold to a wholesaler at an estimated $3,000 each as soon as they have been driven 53,000 miles. Central Auto Rentals computes depreciation expense on its automobiles by the units-of-output method, based on mileage. a. Compute the amount of depreciation to be recognized for each mile that a rental automobile is driven. b. Assuming that the 60 rental cars are driven a total of 1,790,000 miles during the current year, compute the total amount of depreciation expense that Central Auto Rentals will recognize on this fleet of cars for

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