Whispering Winds Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 141,000 miles. Taxi no. 10 cost $51,950 and is expected to have a salvage value of $2,600. Taxi no. 10 is driven 35.900 miles in year 1 and 25,400 miles in year 2 Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places. e. 3. 0.50.) Depreciation cost $ per mile e Textbook and Media Compute the depreciation for each year. (Round answers to 2 decimal places, e.g. 2,125.50.) Year 1 Year 2 Depreciation $ $ On March 1, 2020, Pina Colada Company acquired real estate on which it planned to construct a small office building. The company paid $88,000 in cash. An old warehouse on the property was razed at a cost of $9.000, the salvaged materials were sold for $2.700. Additional expenditures before construction began included $1,400 attorney's fee for work concerning the land purchase. $5.600 real estate broker's fee: $7,600 architect's foc, and $13,300 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land, Cost of land $ Current Attempt in Progress Concord Company purchased a new machine on October 1, 2020, at a cost of $115,900. The company estimated that the machine will have a salvage value of $13.900. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2020. (Round answer to O decimal places, e.g. 2,125.) 2020 Depreciation expense $ e Textbook and Media Save for Later Attempts: unlimited Submit