Question: Sandhill 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

Sandhill 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 $31,600 and is expected to have a salvage value of $200. Taxi 10 was driven 30,000 miles in 2021 and 34,400 miles in 2022.

Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.)
Depreciable cost $enter the depreciation per unit rounded to two decimal places in dollars

per unit

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Compute the depreciation for each year.

2021

2022

Depreciation expense

$enter the depreciation for 2021 rounded to 0 decimal places in dollars

$enter the depreciation for 2022 rounded to 0 decimal places in dollars

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