Question: Sunland Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 161,000 miles. Taxi 10
Sunland Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 161,000 miles. Taxi 10 cost $32,800 and is expected to have a salvage value of $600. Taxi 10 was driven 30,000 miles in 2021 and 34,300 miles in 2022. Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost $ eTextbook and Media Compute the depreciation for each year. per unit 2021 2022- Depreciation expense $
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