Question: Speedy Taxi Service uses the units-of-production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 550.000 km. Taxi 10 cost

Speedy Taxi Service uses the units-of-production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 550.000 km. Taxi 10 cost $40,950 and is expected to have a residual value of $5,750. Taxi 10 is driven 90.000 km in 2020, and 138,000 km in 2021 (a) Calculate the depreciable amount per kilometre. (Round depreciable amount per unit to 3 decimal places, eg. 5.276.) Depreciable cost per kilometre $ /km. (b) Calculate the depreciation expense for 2020 and 2021. Depreciation - 2020 $ Depreciation - 2021 $

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