Question: Kwik 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 10 cost

 Kwik Taxi Service uses the units-of-activity method in computing depreciation on

Kwik 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 10 cost $20,800 and is expected to have a salvage value of $200. Taxi 10 was driven 34,000 miles in 2016 and 30,800 miles in 2017. Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) per unit Depreciable cost Compute the depreciation for each year. (Round answers to O decimal places, e.g. 125.) 2016 2017 Depreciation expense $ $

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