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4 of 4 < -73 Sheridan Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven
4 of 4 < -73 Sheridan 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 10 cost $28,700 and is expected to have a salvage value of $500. Taxi 10 was driven 35,000 miles in 2021 and 30,900 miles in 2022. Determine the depreciation cost. (Round answer to 2 decimal places, eg. 1.25.) $ Depreciable cost eTextbook and Media Compute the depreciation for each year. 2021 Depreciation expense $ eTextbook and Media per unit GA 2022
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