Question: Kwik Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi 10 cost

Kwik Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi 10 cost $24,200 and is expected to have a salvage value of $200. Taxi 10 was driven 27,000 miles in 2016 and 31,000 miles in 2017. Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost $ per unit LINK TO TEXT Compute the depreciation for each year. (Round answers to 0 decimal places, e.g. 125.) 2016 2017 Depreciation expense Click if you would like to Show Work for this question: Open Show Work
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