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18 On January 1 Year, the City Tax Company purchased a new taxicab for $51,000. The car has an expected salvage value of $12,000. The

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18 On January 1 Year, the City Tax Company purchased a new taxicab for $51,000. The car has an expected salvage value of $12,000. The company estimates that the cab will be driven 200,000 miles over its life. It uses the units of production method to determine depreciation expense. The cab was driven 60.000 miles the first year and 63,000 the second year. What is the amount of depreciation expense reported on the Year 2 income statement and the book value of the taxi at the end of Year 2. respectively (Do not round intermediate calculations.) Maple Choice 3:16.0 and $106.35 31606557835 $12.25 and 52704 50305 and 16.015

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